Recruitment industry in good health
The recruitment industry in in a healthy state, according to recently released data from Plimsoll’s Industry Analysis of 1000 recrutiment agencies.
The data has revealed 456 of the firms surveyed are ‘powering ahead’ with their targets, whilst 149 firms are struggling and 159 are currently subject to a takeover bid.
David Pattison, who headed up the survey, has commented:
“Having rated 149 struggling companies as ‘danger’ and given 456 others a ‘strong’ rating, I am surprised at the gulf in performance in the market. Despite all other factors, success still comes down to how well a company is run.
“The market, in the current economic climate cannot support this many companies. There has to be further, more radical consolidation in the market. Strong companies will be buying up distressed competitors in the next 12 months.”
