It has been reported today in the Recruitment Press that recruitment agencies across the UK are failing at a faster rate than seen since 2007/2008 according to a new report. It is estimated that a first two quarters of 2012 will see a record number of recruitment agencies go into administration and get brought out by larger rivals. At particular risk are those with large public sector contracts and medium sized businesses with large overheads. Recruitment agency client bases are disappearing as more and more firms start to use and develop their own internal networks and cease to use conventional recruitment agencies to conduct their general hiring for them. In one large multinational company it was recently reported that just 2.5% of their recruitment spend was through employment agencies and the remainder was done using internal mechanisms and external networking. Recruitment agencies have seen an unparalleled reduction in the amount of business they are able to deal with. Unless a r...
Award winning blog with 100s of articles on the legal profession, legal recruitment and legal job markets by Jonathan Fagan, MD of Ten-Percent Legal Recruitment, recruitment consultants based in the UK providing a full range of services for solicitors.