Recruiters experience biggest pay rise in three years

(2 minutes to read)

Latest data revealed that recruiters received an average pay rise of 3.6 per cent in the last financial year – the highest for three years.

Positive news for those working in the recruitment sector, as recent findings show their hard work appears to have paid off.

The Recruitment and Employment Confederation’s (REC) ‘Attract and retain top talent – Pay and benefits in the recruitment sector’ report revealed an average pay rise of 3.6 per cent for recruiters.

The survey of 300 recruiters also found that 40% of consultants and 53% of managers received a pay rise in the past year, including one in seven (15%) who received a pay rise of 10% or more.

According to the REC report, the top three considerations for recruiters when thinking about a change of job are: Pay, flexible working opportunities and a commitment to invest in their personal development – all of which carry more weight than a generic ‘benefits package’.

Flexible working is appreciated by both consultants and managers: over half of women (53%) and a third of men (33%) working in recruitment had used at least one method of flexible working in the past year whether that was working part-time, compressed hours or working from home. The proportion of recruiters offering benefits such as training days and childcare assistance appears to have increased since the REC’s last salary survey in 2015 – a further sign of a growth in family-friendly working practices and non-financial benefits.

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REC chief executive Neil Carberry, commented, “As with all areas of the labour market at the moment – there is increasing competition to secure top talent. The number of members telling us that attracting and retaining staff is a top concern is steadily increasing. This is a great industry to build a career in, but we must always work to ensure that people can see this. When I started as a consultant, it offered me a crash course in business and people management that still benefits me every day.

“Business owners need to think about what they can offer that makes their agency more attractive to in-demand consultants and managers. While people will always be motivated by pay to some extent, we found that there various other benefits that recruiters value. Providing flexible work, and training and development opportunities are relatively low-cost ways to make your agency the first choice for talented recruiters.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

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Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, ContractorUmbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
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  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
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  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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