Recruitment Market to Increase 3% Annually

A new report examines the UK market for permanent recruitment, which includes firms engaged in secretarial, general and executive permanent appointments.

The market is segmented into the following recruitment sectors: blue collar, computing/IT, construction, drivers, educational, financial/accountancy, hotel/catering, nursing/medical, professional/managerial, secretarial/clerical and technical/engineering.

In the year ending March 2006, the market was valued at £3.28bn by the Recruitment & Employment Confederation (REC), which also put the number of appointments for the year at 706,080. The market increased in value by just 2.2% on the previous 12 months. However, 2006 as a whole has continued to be a good year for this market, with growth proceeding at a steady pace.

Secretarial/clerical and computing/IT are the largest sectors, and represent nearly half of all appointments made. Following a drop in share in the previous year, the computing/IT sector became significant again in the year to March 2006.