Welcome to the January 2008 edition of Mishcon de Reya's Recruitment Watch, prepared by the Firm's Recruitment Services Group. Its aim is to provide those involved in the recruitment sector with a snapshot of what has been happening in the world of recruitment in the last month.

NEWS

Market

JSA's annual Contractor Expectation Survey has found that more than 60% of the UK's IT contractors expect their salaries to increase by between 5-10% in 2008.
The Recruiter (on-line), 9 January 2008

The downturn in the commercial property market is threatening jobs within the sector with property recruitment consultants reporting that staff hirings have stopped in many areas.
Financial Times, 5 January 2008

Trends/Practice

According to research by Unity Personnel many employers are no longer interested in seeing the interests section of applicants' CVs and are instead asking for these to be removed.
The Recruiter (on-line), 14 January 2008

Companies

Your Jobs Group will launch an industry specific job board called Your Retail Jobs on 16 January, with plans for a second industry specific job board to launch in August 2008.
The Recruiter (on-line), 14 January 2008

Paddy Burtt and Pip Bull have led a management buy-in at Joyce Guiness Partnership in a deal part funded by the Royal Bank of Scotland.
The Recruiter (on-line), 14 January 2008

Hays have reported a 23% growth in group net fees in the quarter ended December 31 from the same period the previous year.
The Recruiter (on-line), 10 January 2008

Michael Page International has reported a 37.6% rise in fourth quarter profits to £128.2m, while the full-year result was up 37.1% to £478.1m.
Financial Times, 9 January 2008

Huntress Group has launched Huntress Legal, a new legal division that will focus on the placement of lawyers, legal secretaries and non-qualified support staff into private practice on a permanent or temporary basis.
The Recruiter (on-line), 9 January 2008

LEGAL DEVELOPMENTS

Legislation

The Employment Bill, introduced by the House of Lords, has had its second reading in the House and has been committed to a grand committee.

Mishcon de Reya

Mishcon de Reya's Recruitment Watch is published by the Recruitment Services Group of Mishcon de Reya Solicitors who were established to meet the demands of their clients within the recruitment sector. The Group is made up of cross departmental specialist lawyers who are able to meet the diverse legal needs of the recruitment industry, with wide and varied experience within the sector and who have a proven track record in being able to meet the growing demand for a one-stop service amongst their recruitment clients.

www.mishcon.com

This article is only intended as a general statement and no action should be taken in reliance on it without specific legal advice.