Industry Analysis & Industry Trends
The recession caused a sharp contraction in revenue in the Executive Search Recruiters industry, leaving the industry with lost ground to recover. Having reached a nadir in 2009-10, the industry has since recovered and revenue has grown fairly consistently over the past five years. IBISWorld estimates that industry revenue will increase at a compound annual rate of 3.7% over the five years through 2016-17 to reach £1.3 billion. Improving economic conditions have been the driving force behind industry expansion since the beginning of 2013-14, resulting in greater demand for the industry's services. However, falling business confidence following the decision to leave the European Union is expected to cause a contraction in revenue of 4.3%% over the current year... purchase to read more
Industry Report - Industry Investment Chapter
The Executive Search Recruiters industry has a low level of capital intensity. IBISWorld estimates that for every £1.00 spent on capital investment, industry operators will spend £8.33 on wages. Capital investment predominantly includes office equipment, including computers, fixtures and fittings. This sort of equipment must be updated fairly regularly in order to meet client expectations and best serve their needs. The level of capital investment has not fluctuated significantly over the past five years, and it is not forecast to change significantly over the next five years. Wages are high due to the labour-intensive nature of the industry, as operators need to maintain strong and extensive client relationships in order to compete effectively.
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