UK Recruitment Firms Planning Overseas Operations Due To Shaky UK Economy
Speaking further to the survey results Ann Swain, Chief Executive of APSCo, said that “It’s encouraging that so many UK recruitment businesses have overseas expansion plans despite the uncertain economic outlook. Many overseas staffing markets are relatively immature compared to the UK and are being liberalised so that they’re more accessible to UK staffing companies. Many of the UK recruitment businesses which posted the strongest results during the recession were buoyed by robust performance from overseas operations. For professional recruiters who specialise in high margin skills, geographical expansion can be the best way of increasing turnover while maintaining margins. It’s interesting that South Africa has come out ahead of India and China as a target for overseas expansion. South Africa has a rapidly expanding middle class and well-established financial and legal markets, which makes it an increasingly attractive market for professional recruitment businesses.”
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