Recruitment Watch - February 2011
Welcome to the February 2011 edition of Mishcon de Reya's Recruitment Watch, prepared by the Firm's Recruitment Services Group. Its aim is to provide those involved in the recruitment sector with a snapshot of what has been happening in the world of recruitment in the last month.
News
Market
The monthly survey by the Recruitment and Employment Confederation and KPMG has found that hiring rose at its fastest rate in six months in January.
Brian Groom, Financial Times, 9 February 2011
Trends / Practice
Manpower has said that European and American companies are becoming increasing reliant on temporary staff, with exceptional demand for temps in Europe at present.
Hal Weitzman, Financial Times, 3 February 2011
The 2011 Plimsoll Analysis report has rated 250 recruitment companies as being in Danger due to their worrying financial state but an increasing number of companies have been rated as Strong compared to the previous year’s report.
Recruitment Consultant, February 2011
Companies
Monroe Consulting, LMA, Mansion House and McCall have joined Empresaria’s recruitment hub in Singapore, which launched in January.
Colin Cottell, Recruiter, 9 February 2011
Manpower has reported a quarterly net loss of $350.4 million, compared with profits of $29.1 million in the same period last year.
The Times, 3 February 2011
James Caan, chairman of Hamilton Bradshaw, and Tristan Ramus, managing director, have created a new fund worth up to £50m to target mergers and acquisition activity in the recruitment sector as the company prepares to sell all its non-recruitment businesses.
DeeDee Doke, Recruiter, 19 January 2011
SHL and PreVisor have agreed to merge, with the new entity now called SHL and headquartered in London.
Recruiter, 19 January 2011
Staffline Group has bought the trade and assets of temporary industrial labour provider Kelburn Industrial.
Recruiter, 19 January 2011
Legal Developments
Legislation
The National Minimum Wage (Amendment) (No.2) Regulations 2010 came into force on 4 January 2011.
Cases
The High Court ruled that there was nothing unlawful or disproportionate about the implementation of the National Minimum Wage (Amendment) (No.2) Regulations 2010, which will stop umbrella and recruitment companies from counting money paid for travel and subsistence expenses towards National Minimum Wage, when dismissing the claimant's application for judicial review of the proposed amendment.
R. (on the application of Cordant Group Plc) v Secretary of State for Business, Innovation and Skills, 30 December 2010
Mishcon de Reya Workshops
Mishcon de Reya Mishcon de Reya's Recruitment Watch is published by the Recruitment Services Group of Mishcon de Reya Solicitors who were established to meet the demands of their clients within the recruitment sector. The Group is made up of cross departmental specialist lawyers who are able to meet the diverse legal needs of the recruitment industry, with wide and varied experience within the sector and who have a proven track record in being able to meet the growing demand for a one-stop service amongst their recruitment clients.