As many as 1,777 new agency businesses have been registered with Companies House from 1st January – 1st March 2018, which an increase of 9% from 1,621 compared to the same period last year.
According to the findings from Clearly PR, the total number of UK recruitment agencies is at 37,052, which is the highest on record.
Paul MacKenzie-Cummins, Managing Director at Clearly PR, commented, “The recruitment industry continues to defy expectations.
“Despite media reports and some economic forecasters predicting a dip in employer hiring intentions as we edge closer to the UK’s formal withdrawal from the European Union, the opposite is happening. This is serving to fuel the continued growth of the sector.
“2017 was a year of record growth for the recruitment industry and with a marked rise in the number of new entrants to the market over the last two months, combined with a steadying of organisational confidence in the economy, we anticipate 2018 to be another record year.”
Industry growth is to be welcomed. But Clearly PR says it comes with its own set of unique challenges – the biggest being how agencies can retain and gain a competitive advantage in a fast-growing market.
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I want to be a contractorHe added, “The need for recruitment business leaders and marketers to both understand what sets them apart from their competitors and how to ‘sell’ that difference in a way that makes them a go-to agency of choice, has never been greater.
“We have seen a surge in demand among recruitment agencies looking to raise their profile, promote brand ambassadors among their consultant base, and position themselves as leading authorities within each of the sectors they operate.
“They recognise that longevity in the market can only get them so far – the new players in the game know they don’t have that to trade on, so they tend to be more proactive in getting their name ‘out there’. Typically, this involves producing engaging and informative content on their websites and social media or featuring as ‘experts’ in leading industry and business publications.”
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