The United Kingdom is the oldest staffing market in Europe and the largest market in terms of size (by sales). It is highly fragmented with some 15,000 firms. Many of the most recognisable UK-based providers such as Hays, Michael Page and Robert Walters have now spread around the world.
Temporary agency work is treated as a service sector in its own right and, in the UK, was one of the least regulated markets in Europe. However, in recent years the implementation of the European Agency Work Directive has increased the degree of control. There are two principal associations representing the interests of the staffing industry: the Recruitment & Employment Confederation (REC) and the Association of Professional Staffing Companies (APSCo).
The UK, a leading trading power and financial centre, is the third-largest economy in Europe after Germany and France, and the seventh-largest in the world. In addition to a flexible labour market, the country is pro-business and open to foreign investment. The population is over 60 million and the nation is placed seventh in the World Bank’s ‘Ease of Doing Business’ ranking.
by -11%.
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Monthly UK Hiring Trends JuneJuly 2012 - You do not have permission to view this object.
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The top three firms have a combined market share of 30%. The Irish staffing market is similar to the UK market in terms of fragmentation of the top 20 firms.
All but two of the top 20 firms
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income tax/PAYE and social security/NICs charges relating to contract workers. But as the company points out: “the key risk for hirers in relation to offshore schemes is that, under s689 of the UK Income ... UK Tax avoidance in the Staffing Supply Chain ... UK Tax av...
France, Switzerland, the UK and the Netherlands. Excluding these firms, the median average of gross margins for European-listed staffing firms remained unchanged while for the ten largest companies
The ONS data although somewhat dated shows the place of the staffing sector in the UK economy
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The UK Office for National Statistics (ONS) has just put out (14/6/12) revised results for the Annual Business Survey 2010. Although these figures are now somewhat dated t...
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While legislation varies from country to country there are really only three types of MSP contract structures to consider; the ‘Principal’ model familiarly used in the US and UK markets
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in total. The remaining 12 firms split as follows: UK (4), USA (3), Switzerland (2), the Netherlands (2) and Australia (1) (see tables p.5-6).
The top three firms are major international players