RECRUITMENT MARKET_4
The UK recruitment industry is seeing a mini resurgence despite recent jitters on the domestic and world markets, according to business analysts Plimsoll.
The research revealed that 62% of recruiters are in a confident mood, fuelled by their latest results. The research has identified a group of 122 companies which are the driving force behind the resurgence, having increased their sales by 25% and lifted their profitability from 2.2% last year to 5.3% this year.
David Pattison, senior analyst at Plimsoll, says: “We always knew that for many companies 2007 was a make or break year, but with all the talk of a slow down in the UK economy the figures from this elite group of companies are really refreshing. A lot of hard work during the past couple of years is finally starting to pay off.”
However, the downside was the failure of 57 companies in its analysis to cope with these new levels of business performance.
