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[Pages:28]Top-'s Management Consultancy Recruitment Channel Report 2016

Top-'s Management Consultancy Recruitment Channel Report 2016

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? Introduction

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? Part I - Recruitment trends

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? Part II - Recruitment channel use

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? Part III - Historical trends in recruitment 17 channel use and Recruiter & Media Awards

? Newspapers

18

? Internet job sites

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? Personal contacts and referrals

21

? Social media

22

? Corporate websites

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? Recruitment agencies

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? Individual recruiter awards

27

Top-'s Management Consultancy Recruitment Channel Report 2016

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INTRODUCTION

Now in its 15th year, this unique report has been published to help those facing the challenges of the UK management consultancy recruitment market in the coming year, both recruiters and candidates alike.

Part One of the report is based on responses to a comprehensive survey of consulting recruiter contacts and focuses on recruitment and retention data and trends within management consultancy.

The picture that emerges is of an industry that is looking forward to another year of strong growth, which chimes with Source Global Research's recent report that the UK consulting market grew at 8.2% through 2015, four times faster than the economy as a whole.

Parts Two and Three of the report focus on the ways that candidates/consultancy jobseekers set about their job searches. Over the last 15 years, our readers have predicted and charted their changing use of the established recruitment channels as well as the new channels that have become available to them. The fall in the use of newspapers has been documented over this period for example, as well as the rise in the use of other channels including social media.

Findings include: ? 89% of consulting employers report that they are looking to hire staff in

2016 at least as fast as they did last year, itself a year of very strong growth ? Staff attrition rates are increasing ? IT & Technology usurp Financial Services as the hottest sectors ? Digital leaps to the top of the rankings of sought-after skillsets ? Recruitment agencies and personal referrals are the application channels used by most consultancy jobseekers ? Internet Jobsites generate the highest share of total applications with LinkedIn and Top-Consultant ahead of the pack

Our thanks go to those who responded to this year's surveys, without whose help this data could not have been collated. And, as ever, if the team at Top- can help in any way as the year unfolds please just let us know.

Top-'s Management Consultancy Recruitment Channel Report 2016

Bryan Hickson ? Managing Director Top-

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Part One

Recruitment trends

Trend data based on ~1000 recruiter responses

Top-'s Management Consultancy Recruitment Channel Report 2016

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EXPECTATIONS

Expectations are undoubtedly positive for the coming year with a majority of consulting employers reporting they are looking to hire staff this year at least as fast as they did last year. However, there is also a perception that employee retention will become increasingly difficult with more firms anticipating that staff attrition rates will worsen through 2016 than those believing that attrition will ease.

In the pages that follow, we look in greater detail at all this data, alongside findings concerning the functional and industry sectors within which it is expected most hiring will take place. I'd like to extend my thanks once more to those recruiters that participated in this poll ? the profile of those respondents follows indicating the relevance of their views.

Figure 1 ? Recruiters' Recruitment Focus

Figure 1

extensively in the management consulting space

38% extensively in the IT consulting space

55%

7%

both in management consulting and IT

consulting

Our low priced advertising packages allow you to see for yourself the types of results

that recruiters are experiencing by placing their

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Top-'s Management Consultancy Recruitment Channel Report 2016

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HIRING VOLUMES

The question that we are most eager to learn the answer to is how recruiters feel their hiring volumes in 2016 will compare with those in 2015 ? and this year 89% of respondents indicate that they expect to make at least as many hires this year as they made in 2015.

This response needs to be assessed in light of last year's staggering 98% response rate of firms expecting to make at least as many hires as the year before. On the back of such an aggressive year of hiring, it's remarkable that so many firms are planning to ramp up their hiring further still this coming year. Talent shortages loom...

Figure 2 ? 2200116 6RecRrueitcmreunitttmargeentstvst.a2r0g15ets vs 2015

8% 3% 27%

15%

47%

Make considerably more hires than last year Make slightly more hires than last year Make as many hires as last year Make slightly fewer hires than last year Make considerably fewer hires than last year

More compelling still is the trend over time that shows the accuracy of our clients past predictions. The sharp deterioration in 2009 hiring was accurately predicted, as was the 2011 hiring rebound that we have enjoyed to the present day. Barring any economic or political upsets, 2016 will be a busy year.

FFiigguurere3 3 ? RReecrcuritumietnmt tearngettsta20r0g9e-t2s0126009 - 2016

60%

Make considerably more

50%

hires than last year

Make slightly more hires

40%

than last year

30% 20% 10%

0% 2009 2010 2011 2012 2014 2015 2016

Make as many hires as last year

Make slightly fewer hires than last year

Make considerably fewer hires than last year

Top-'s Management Consultancy

Recruitment Channel Report 2016

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ATTRITION

Staff attrition ? rather than industry growth ? is the primary driver of hiring demand in the UK and this year's data shows that the UK consulting market as a whole is experiencing a median rate of staff loss at just over 10%, up a little on last year. This year 47% of respondents reported an attrition rate of between 0-10%; last year this was 56%. Those reporting attrition of between 10-20% has risen from 32% to 36%.

Looking at expected attrition rates for the coming year, more recruiters anticipate that attrition rates will worsen (35%) than improve (22%). Given this, it is certain that more of the expected recruitment that we have seen reported from employers will be to simply stand still in terms of headcount rather than fuel increased demand for consulting services and growth.

FFiigguurere4 4 ? What staff attrition rate has your consulting business experienced in the last year?

8%

9%

20%

7%

27% 29%

0-5% of consulting staff left 5-10% of consulting staff left 10-15% of consulting staff left 15-20% of consulting staff left 20-25% of consulting staff left 25%+ of consulting staff left

FFiigguurere5 5 ? What do you believe will happen to staff attrition rates during 2016?

5% 3% 17%

32%

43%

Staff attrition rates will worsen considerably Staff attrition rates will worsen a little No change in staff attrition rates expected Staff attrition rates will improve a little Staff attrition rates will improve considerably

Top-'s Management Consultancy Recruitment Channel Report 2016

LIKELY HIRING BY PRACTICE AREA

Each year we ask recruiters to record the areas in which they expect to be undertaking the most hiring and in the chart that follows, a score close to 1 indicates firms expect to undertake little or no hiring in that practice area; while the greater the number the more hiring is expected compared with the previous year.

Amongst recruiters the expectation is that the strongest hiring will be in IT, followed closely by Technology (fuelled no doubt by the growth in Digitisation work), both leapfrogging Financial Services which had been at the top of these rankings for the last 3 years. More hiring is expected in Telecoms, Media & Entertainment (up 3 places); Purchasing & Supply Chain (up 3 places); and Public Sector consulting which leaps 7 slots (ref Source report), Energy & Utlities and Retail/Consumer Goods both drop a couple of places showing that recruiters anticipate less growth in demand in these sectors than was recorded last year.

FiFgiugreur6e 6 ?ReRcreuictmruenittmacteivnitytbay cptraivctiitceyabreya practice area

Information Technology Technology

Financial Services Telecoms, Media & Entertainment

Energy & Utilities Purchasing & Supply Chain

Healthcare & Pharma Retail / Consumer Goods

Distribution / Logistics Public Sector

General Management Automotive / Aerospace Engineering & Manufacturing

Transportation Chemicals Education

Science / Research Facilities Management

Leisure / Lifestyle

Top-'s Management Consultancy Recruitment Channel Report 2016

0

0.5

1

1.5

2

2.5

3

3.5

8

2010 2012 2014 2016

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