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Specialist UK recruiter the ReThink Group believes that staffing firms from the UK are set to dominate global markets. This comes after many major staffing companies reported their full-year results in recent weeks which reflected the slowdown in the staffing industry.
Most regions, even those that had bucked the negative trend, came under pressure last year as profits fell at most firms. Temporary and contract recruitment held up better than permanent and some specialist areas.
“Looking forward, the outlook is uncertain but it appears that some degree of normality is now returning to most markets,” ReThink said. “However, this is not likely to be of much comfort to financial services recruiters, where the outlook looks unremittingly gloomy across the globe.”
But on the bright side, most listed UK companies opened more international offices and many entered new markets both geographically and operationally during 2012.
“This will significantly alter the shape of the industry for years to come. It will become less reliant on traditional markets, like the UK, and more diversified in its activities. This has got to be good news for UK recruitment companies, which look set to dominate global markets for many years to come,” the Group said.