The UK recruitment sector is one that is characterized by intense competition between both small and large rival firms. This rivalry is further exacerbated by the consistent entry of new recruitment firms into the market. In order for a recruitment firm to flourish under such market conditions, it will need to have an edge that helps keep its head above water.
Quanta is a recruitment firm with a difference and this is one of the reasons why the company has continued to thrive for a few years now. The company was set-up in 1992 and since then, it has not only been able to withstand the difficult market conditions of the UK recruitment sector, it has also been able to build a reputation of excellent service and reliability. Quanta not only provides recruitment services to the main sectors of the economy, it also renders a resource consultancy service for corporate clients. The diverse service which Quanta offers gives it an edge over other recruitment companies.
Thus, the company is able to grow and attract a wide client base in the midst of a highly competitive market environment. For a new firm to succeed in the UK recruitment sector, it will first of all have to obtain an effective business plan and a strong capital base. Just like Quanta, the company will also have to look for a way to diversify the nature of the service it provides. Unless a new recruitment firm is able to meet these requirements, it will find it very difficult to thrive in the UK recruitment sector. It is worth mentioning that many of the more established companies will always seek to patronize the larger recruitment firms. This is because these firms have a good track record in the industry.
Moreover, since the industry features a consistent influx of new firms, this also means that the number of sub-standard recruitment firms is also always on the increase. This inevitably makes the UK recruitment sector even more challenging for all parties concerned, including job applicants. Perhaps it might be a good idea for the government to formulate more recruitment policies in order to regulate the level of competition and openness of the market. It is not certain what the future holds for the UK recruitment sector but it can be suggested that the state of the economy will largely determine how the sector evolves.
Stephen Trigg is the CEO of Quanta Consultancy Services, the leader provider of Staffing company.