Table of Contents
Overview
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- What you need to know
- Covered in this Report
Executive Summary
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- The market
- The recruitment market maintains growth, though this remains pressured somewhat by the ongoing air of uncertainty
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- Figure 1: UK recruitment market value and forecast, £ billion, 2014-23
- Growth in temporary recruitment continues to surpass the permanent sector
- Companies and brands
- Continued growth in new recruitment agencies
- What we think
Issues and Insights
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- Growing skills shortages
- The facts
- The implications
- Ongoing impact of Brexit uncertainty
- The facts
- The implications
The Market – What You Need to Know
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- Recruitment industry continues to grow, though this remains pressured by the air of uncertainty
- Growth in temporary recruitment continues to surpass the permanent sector
- Market forecast to maintain growth in the coming years
Market Size
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- Market value continues year-on-year growth
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- Figure 2: UK recruitment market value, £ billion, 2014-18
- Public sector employment continues to fall alongside centralisation efforts
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- Figure 3: Total UK public sector employment, '000, 2014-18
- Private sector employment accelerates in 2018
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- Figure 4: Total UK private sector employment, '000, 2014-18
Market Segmentation
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- Temporary recruitment continues to dominate amid uncertainty
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- Figure 5: Recruitment market value, by type, £ billion, 2014-18
- Temporary recruitment segmentation remains largely stable in 2018
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- Figure 6: Segmentation of temporary and contract employment through recruitment, % by volume, 2016 and 2017
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- Figure 7: Segmentation of temporary and contract employment through recruitment, % by volume, 2017
- Education, healthcare and driver sectors propel permanent recruitment demand
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- Figure 8: Segmentation of permanent employment through recruitment, % by volume, 2016 and 2017
- Figure 9: Segmentation of permanent employment through recruitment, % by volume, 2017
Market Forecast
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- Market forecast to maintain growth in coming years
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- Figure 10: UK recruitment market forecast, £ billion, 2014-23
- Population projections
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- Figure 11: National working age population projections, million people, mid-2016 and mid-2041
The Impact of the Economy
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- Business confidence and investment
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- Figure 12: UK Business investment, £ million, Q1 2015-Q1 2018
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- Figure 13: UK business confidence index, Q3 2012-Q3 2018
Market Trends
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- Employment levels
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- Figure 14: UK Employment levels, '000 people, 2009-18
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- Figure 15: UK employment rate, % of those aged 16 to 64, 2009-18
- Unemployment levels
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- Figure 16: UK unemployment rate, % of those aged 16 and over, 2009-18
- Job vacancies
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- Figure 17: UK job vacancies, '000 vacancies, May-July 2009-18
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- Figure 18: Job vacancies by industry, May-July 2017 and May-July 2018
- Regional differences
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- Figure 19: Regional analysis of UK employment rates, % of those aged 16 to 64, April-June 2017 & 2018
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- Figure 20: Regional analysis of UK employment, employment rates, March 2018
Market Drivers
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- Brexit uncertainties and the potential supply shock
- Skills shortages
- Training required to meet skills shortage
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- Figure 21: UK Growing skills shortages, number of unemployed people & number of job vacancies, '000 people and '000 vacancies, 2009-18
- GDPR
Companies and Brands – What You Need to Know
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- Continued rise in new recruitment agencies
Industry Structure
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- Changes in the structure of the industry
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- Figure 22: Analysis of the changes in the structure of the recruitment industry, number of outlets and businesses, 2013-17
- Structure by employment
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- Figure 23: Analysis of the employment structure of the Recruitment industry, 2016 and 2017
- Structure by turnover
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- Figure 24: Analysis of the financial structure of the recruitment industry, £'000 and businesses, 2016 and 2017
Company Profiles
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- Adecco UK
- Recent company activity
- Financial information
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- Figure 25: Financial analysis of Adecco UK, £ million, 2013-17
- Hays Plc
- Financial information
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- Figure 26: Financial analysis of Hays Plc, £ million, 2013-17
- Impellam Group UK
- Recent company activity
- Financial information
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- Figure 27: Financial analysis of Impellam Group, £ million, 2013-17
- Page Group
- Recent company activity
- Financial information
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- Figure 28: Financial analysis of Page Group, £ million, 2013-17
- Reed
- Reed in Partnership
- Financial information
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- Figure 29: Financial analysis of Reed in Partnership, £ million, 2013-17
- Reed Online
- Financial information
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- Figure 30: Financial analysis of Reed Online, £ million, 2013-17
- Reed Learning
- Financial information
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- Figure 31: Financial analysis of Reed Learning, £ million, 2013-17
- Reed Specialist Recruitment
- Financial information
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- Figure 32: Financial analysis of Reed Specialist Recruitment, £ million, 2013-2017
- Robert Walters
- Recent company activity
- Financial information
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- Figure 33: Financial analysis of Robert Walters, £ million, 2013-17
- SThree
- Recent company activity
- Financial information
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- Figure 34: Financial analysis of SThree Plc, £ million, 2013-17
Appendix – Data Sources, Abbreviations and Supporting Information
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- Abbreviations
- Methodology
Further Sources and Contacts
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- Trade associations
- Chartered Institute of Personnel and Development
- Recruitment and Employment Confederation
- Association of Professional Staffing Companies
- Recruitment Society
- Trade magazines
- Human Resources
- Online Recruitment Magazine
- People Management
- Personnel Today
- Recruiter
- Recruitment International
- Trade events
- Recruitment Agency Expo
- Recruitment Agency Expo
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