Recruitment Watch - November 2010
Welcome to the November 2010 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
A report by the Chartered Institute of Personnel and Development and KPMG has said that recruitment of staff, including permanent workers and temps, will rise sharply over the October-December quarter but another survey by de Poel has found that 70% of recruitment companies expect a shortage of temps over the Christmas period.
Brian Groom, Financial Times, 15 November 2010
Research from de Poel has found that 20% of recruitment agencies have found it harder to find the right skilled workers since the temporary cap on non-EU skilled migrants was introduced.
Recruitment Consultant, November 2010
Trends / Practice
The annual Recruitment Industry Trends Survey, compiled by the Recruitment and Employment Confederation and Barclays Corporate, has shown that the entire recruitment industry is worth 12% less than it was 12 months ago, with permanent placements turnover falling by 25% and temporary placements turnover falling by 10.4%.
Recruitment Consultant, November 2010
The latest Plimsoll report for the UK recruitment industry has shown that 243 companies in the market are finishing 2010 in financial difficulty.
Recruitment Consultant, November 2010
Research from IntaPeople has found that increasing numbers of Britons are looking for employment outside the UK, with a rise of 15.54% in the numbers searching online for overseas work in the third quarter.
Recruitment Consultant, November 2010
Companies
The private equity company Blackstone has acquired Pulse, a staffing agency for doctors, nurses and social workers, and will merge the company with ICS as part of plans to build a global leader in the healthcare recruitment market.
Martin Arnold, Financial Times, 15 November 2010
Fusion People has acquired three recruitment companies; SecondSite, an industrial and commercial agency, Etica, a specialist IT recruiter, and Hillman Saunders, a specialist financial services and insurance recruiter.
Recruiter, 10 November 2010
Resource Group, an international recruiter and skills provider to the aerospace, aviation and defence sectors, has acquired BAE Systems Cwmbran Training College.
Recruiter, 10 November 2010
Huxley Associates, a banking and finance recruiter, has announced plans to open new offices in Sao Paulo, Moscow, Luxembourg, Shanghai and Zurich with the possibility of also opening an office in Qatar.
DeeDee Doke, Recruiter, 10 November 2010
LA International, a specialist IT recruiter, has reported a 16% rise in turnover to £116.8m for the year to 30 June 2010, along with a 13.2% rise in pre-tax profits.
Recruitment Consultant, November 2010
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.