Wonder

Log in

Research Outline

Prepared for John H. | Delivered January 25, 2020

UK Construction Recruitment Market Size

Goals

To provide the size of the construction recruitment market in the United Kingdom measured in revenue. Specifically, to determine the share of the £35 billion recruitment market in the UK is from recruitment companies in construction. This information will be used to show the size of the opportunity that is available to a recruitment technology company in the construction space in the UK.

Early Findings

  • The construction sector in the UK is projected to be the fastest-growing recruitment sector in 2020. There have already been significant increases in demand for both construction staff and materials orders for January 2020.
  • This growth is expected because Brexit will result in the return of many foreign workers back to continental Europe leading to a critical skills shortage.
  • As of 2019, there were 2.4 million jobs in the construction sector, which represents 7% of all jobs in the UK.
  • According to the 2017/18 Recruitment Industry Trends Report, 76% of the job placements in the UK fell under six broad skills categories: secretarial/clerical, computing/IT, accounting/finance, technical/engineering, construction , and professional/managerial.
  • The total recruitment industry revenue for 2017/18 was £35.7 billion, which was a year-on-year increase of 11%. The majority of this revenue, 86%, which was £30.85 billion was from temporary job placements while 14%, which was £4.84 billion was from permanent job placements.
  • Construction accounted for 7.7% of the total number of permanent job placements in the UK in 2017/18, which was 1,142,000.
  • Additionally, construction accounted for 4.9% of the total number of temporary job placements in the UK in 2017/18, which was 1,020,000.