Wales's leading independent specialist recruitment consultancy, IntaPeople, has recently announced a record turnover of over 5m for 2008/09. These results represent a significant increase of over 32% for the Cardiff-based specialist consultancy and position IntaPeople as one of the strongest recruiters in Wales despite testing economic conditions.
With unemployment at a twelve-year high and reports suggesting that 11% of all recruitment consultancies throughout the UK are making losses, IntaPeople is enjoying its most profitable trading period since 1994.
Phil Handley, resource director of IntaPeople, said:
To date we've managed to defy the current economic downturn and continue to supply our clients with high level, business critical staff who have the skills, knowledge and know-how that their businesses require to ensure they continue to prosper during these demanding times.
"As a specialist IT, Technical and Engineering Resource Provider we have developed mutually beneficial working relationships with a wide-spread of industry sector clients throughout the UK, Europe and the Middle East, he adds.
IntaPeople recently announced the expansion of its Executive & Interim Management division, IntaPeople IEMD, in response to unprecedented demand for senior and interim executives from organisations throughout Wales and the rest of the UK who need to strengthen their leadership teams and help their organisations weather the economic storm.
IntaPeoples record turnover is in stark contrast to the recruitment industry which, on the whole, has been experiencing a decline in profits and placements since early 2008. The recruitment market in the UK is expected to fall by 1bn in 2009 from 26.3bn in 2008.
Confident that IntaPeople can retain their strength in the market, Handley said:
Over the next twelve months we anticipate that the biggest growth will occur in the energy and environmental sector, with many companies looking at green issues and the implementation of latest IT systems in order to save energy and costs.