Since 1997 there has been a significant trend towards mergers and acquisitions among search firms that shows no sign of abating. Acquiring niche firms enables larger players to strengthen their position in a specialist sector or a particular geographical market. One of the most successful acquisitors has been TMP, which has been propelled into sixth place globally by its aggressive expansion strategy. The Internet is revolutionising the search industry. The Internet has played a crucial role in reducing the time taken to fill critical positions.
Internet searches are especially effective for middle- management posts.
Online recruitment firms will use new technology to compete with existing players to offer the most advanced and accessible Internet facilities to find the best managers. It incorporates a database of professionals throughout the region. Organising for regional work flows. Many search firms are now reorganising into defined geographical subregions to take advantage of business flows. Subregions are also becoming increasingly important in Europe and Asia.