Right Management increases market share of UK career transition business

Strategic workforce consultancy, Right Management has 41 per cent of the market share of the UK’s outplacement business; up from 35 per cent last year, according to analysis by the Association of Career Firms Europe. 
 
The analysis compared the top seven companies in the UK outplacement market. 
 
Nicola Deas, Practice Leader of Career Management at Right Management comments, “Companies must take a strategic approach to managing their workforces in these difficult times. With unemployment continuing to rise in both the public and private sector it’s a critical time for businesses to offer as much support to job leavers as possible.
 
“Right Management’s recent Global Transition Report showed that despite an increase in the number of people receiving outplacement support, the percentage of candidates accepting higher or same salaries in the UK following full outplacement support has increased in 2012: Sixty-two percent of candidates in the UK now accept the same or higher salaries compared to 52 percent in 2011. In addition, the weeks to land a new position* has dropped from 31 weeks in 2011 to 30 weeks in 2012 across Europe, a more favourable trend than Asia Pacific’s 37 weeks, up in 2012 from 36 weeks in 2011.”
 
Deas concludes: “It is encouraging to see the prospects of those given support improving. It demonstrates that while its still a difficult market, there is a more positive outlook for candidates.”