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At a forum organised by the Association of Professional Staffing Companies (APSCo) last week, the Minister of State for Trade and Investment said that exporting recruitment services will aid Britain’s economic recovery.
Minister Lord Green explained how recruitment companies should take the opportunity to support the British service sector overseas to facilitate the UK’s economic growth. Talking about the shift in world power, he focused on growth areas in Africa, Latin America, Russia and the Asia Pacific region.
He said staffing firms should take advantage of opportunities to support British companies moving overseas by having a presence on the ground and establishing long-term links within the local environment.
According to Lord Green, 28% of British recruitment companies are working internationally, compared to just 20% of SMEs generally. He said that not enough British companies currently operate abroad.
At the same event, Jeremy Baker, an affiliate professor of Marketing at ESCP Europe Business School, also argued that the UK should exploit global opportunities, especially in services such as finance, law, architecture and employment. Mr Baker said that the UK should actively export recruitment consultancies into growth economies. On behalf of Staffing Industry Analysts, John Nurthen provided the forum with an insight into which staffing markets and sectors offer the most promising prospects.
Ann Swain, CEO of APSCo said, “There are undoubtedly extensive opportunities for recruitment agencies to thrive overseas. APSCo is happy to assist members with compliance issues as they take their first steps into international markets.”