Recruitment and temporary employment companies end 2008 on the rise

The most important recruitment and temporary employment companies on the local market closed 2008 on the rise, despite requests for such services having gone down as early as Q4, by an estimated 20pc to 30pc; the largest such falls, of up to 65pc, were registered on the recruitment segment, reports daily Business Standard.

In the first quarter of this year, the recruitment business further witnessed one of the steepest falls in local economy, about 30pc.
The turnover registered by last year by #1 on the recruitment and personnel placement market – Adecco – through Adecco Romania and Adecco Human Resources, was EUR 23.2 million, up by 15pc compared to the EUR 19.6 million recorded in 2007, the company reports.

„Almost 80pc of the company’s turnover came from temporary employment activities and the remaining 20pc from recruitment and selection of personnel,” Elena Lotrean, Adecco Romania HR Manager told Business Standard.

Second in the local HR market rankings by turnover is the subsidiary of the Dutch company Lugera & Makler, which last year attained a turnover of EUR 18.15 million, up by almost 50pc from the previous year. Manpower Romania, the subsidiary of one of the largest global human resources companies also reported a growing turnover, which placed it third on the local market.

Manpower reached in 2008 a turnover of EUR 12 million, up by over 20pc.
Recruitment and human resources consultancy company Professional, the fourth ranked on the Romanian specific market, recorded in 2008 as much as EUR 7 million in turnover in an advance of approximately 23pc compared to 2007.

The growth in turnover of ‘Professional’ was supported mainly by staff management services, but also by recruitment and executive search-type services (recruitment for middle and top management), according to company data.

AIMS Romania, the fifth ranked on the local market last year, attained a turnover of approximately EUR 6.5 million, up 23pc compared to 2007.
„Profit margins in the industry will greatly diminish in 2009, and the major trends on the recruitment market this year will be the decline in recruitment applications and fees charged by the companies in the business,” said M ihaela Perianu, general director of AIMS Romania.

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