Every year, Recruiter publishes a list of the fastest-growing private staffing companies in the United Kingdom, called the FAST 50, which is compiled by Boxington Corporate Finance and sponsored by Hitachi Capital Invoice Finance. This year, Tim Evans, the managing director of Boxington Corporate Finance, notes a trend that is different from normal, explaining that “recruitment process outsourcing (RPO) companies taking market share [has] contributed to a marked fall in the number of IT recruiters in this year’s Recruiter FAST 50.” This is good news for the RPO industry as it shows that RPO adoption is increasing in the UK, at least in the IT space. Evans thinks that this is due to RPO companies becoming more skilled as well as the cost savings that come with partnering with an RPO company.
Excerpts from the article include:
Explaining the fall from 18% of last year’s FAST 50 to just 10% this year, Evans says: “We attribute this to increased RPO and managed service provider presence taking turnover away from recruiters. Also RPOs are maturing and getting ever better [at what they do].”
Evans says that cost saving for clients is the biggest driver of this trend, which he says has seen companies such as Allegis Group, Alexander Mann Solutions and Cielo make inroads into the IT and associated finance sector. Only one IT recruiter, People Source Consulting, retains its place in the 2015 FAST 50 from last year.
For a list of the top five IT recruiters in the 2015 FAST 50, and to learn more about Recruiter’s research into the UK staffing industry, view the complete article: