Publication
Restructuring in the recruitment and interim sector: what does the future hold?
The way we work will change dramatically as a result of the pandemic and the recruitment sector will need to adapt accordingly. Simon Longfield Restructuring Advisory
Synopsis
The UK recruitment sector, comprising of traditional agencies, recruitment process outsourcers and managed service providers, has grown steadily by around 6 per cent each year since the 2008 financial crisis. Revenues were valued at £39 billion in 2019 but, in 2020, it faced a perfect storm. As well as COVID-19, issues around Brexit and the incoming IR35 legislation (which has since been delayed until the end of the current tax year) meant that there was significant uncertainty in the market. While the sector is resilient and will bounce back, it is likely to do so in a very different form. The way we work will change dramatically as a result of the pandemic and the recruitment sector will need to adapt accordingly. Here, we explore the specific challenges and potential opportunities the industry is facing, as well as the immediate and long-term priorities for recruitment businesses.
Simon Longfield Partner Restructuring Advisory London +44 (0)20 3005 4065 simon.longfield@frpadvisory.com
Susan Moor Director FRP Transition London +44 (0)20 3005 4095 susan.moor@frpadvisory.com
frpadvisory.com
frpadvisory.com i .
2
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online