Research and Markets: UK Recruitment Agencies (Temporary & Contract) Market Update 2014-2018

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/dcvts8/recruitment) has announced the addition of the "Recruitment Agencies (Temporary & Contract) Market Update 2014" report to their offering.

Since the recession, the UK recruitment market has continued to remain challenging, with sluggish economic growth and public-sector spending cuts driving demand for staff down. However, while this has had a severe impact on demand for permanent employees, the temporary recruitment market has continued to observe growth over the past 3 years, with figures compiled by The Recruitment & Employment Confederation (REC) revealing that the market for temporary and contract recruitment increased by 21.2% between 2009 and 2013, despite growth slowing somewhat in recent years. Meanwhile, the number of temporary and contract placements witnessed a 5.6% rise during the same 5-year period.

In some ways the flatlining economy has worked to the temporary and contract recruitment market's favour, with businesses opting to recruit more temporary staff in order to fill gaps in the workforce left following redundancies across permanent staff. Indeed, temporary and contract staff can often prove particularly useful to businesses by providing greater flexibility and adaptability, factors that have become increasingly important to businesses since the recession. As a result, the UK's temporary workforce has continued to increase, with recent figures compiled by the Trades Union Congress (TUC) in 2013 suggesting that there are now approximately 1.6 million temporary and contract workers as of December 2012, a figure that has increased by 230,000 since 2005.

Over the next 5 years, the temporary and contract recruitment market should continue to benefit from slow but stable growth, with estimates that the market will observe a rise in value of 11.9% between 2014 and 2018. While the introduction of a new regulatory framework designed to cut down on red tape and ease the burden placed on recruitment businesses by legislation should help to drive growth within the industry, continued below-inflation wage increases and Government plans to reduce spending on temporary staff in areas of the public sector, such as the NHS, could, at the same time, put a downward pressure on market growth in the future.

Key Topics Covered:

  1. Foreword
  2. Executive Summary
  3. Market Definition
  4. Market Size
  5. Strengths, Weaknesses, Opportunities and Threats
  6. Current Issues
  7. Forecasts
  8. General Economic Forecasts
  9. Company Profiles
  • Adecco Uk Ltd
  • Cordant Group Plc
  • Financial Profile
  • Hays Plc
  • Impellam Group Plc
  • Manpower Uk Ltd
  • Pertemps Ltd
  • Staffline Group Plc

For more information visit http://www.researchandmarkets.com/research/dcvts8/recruitment

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Personnel / Human Resources

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Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Personnel / Human Resources