Recruitment industry helped millions to find work in 2016/17

(2 minutes to read)

Millions of people were able to find work during 2016/17 thanks to the UK’s £32.2 billion recruitment industry.

Latest research has revealed that on any given day, UK recruiters are responsible for 1.3 million agency workers in the UK labour market.

The Recruitment Industry Trends report, compiled by the Recruitment and Employment Confederation (REC), shows that the total revenue from permanent and temporary placements reached £32.2 billion for an industry that continues to employ over 100,000 people itself.

£28.2 billion was generated from temporary placements while approximately £4.0 billion was generated through permanent placements.

The REC has predicted above GDP growth for the industry over the next three years:

  • 8% in 2017/18
  • 6% in 2018/19
  • 7% in 2019/20.

Thinking about joining Dolan Accountancy?

Give us a call on 01442 795100 or email Jaime

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REC chief executive Kevin Green, commented on the recent findings, “We know that jobs transform lives and that recruiters work incredibly hard every day to help people find the position or assignment that’s right for them. Our data shows that as candidate availability declines more and more businesses are turning to agencies to help them source the talent they need.”

“Our industry has weathered difficult times before – it survived the serious hit of the financial crisis a decade ago to become stronger than ever. Whatever the next few years holds, I am confident that recruiters will use their drive and ingenuity to ensure they stay successful and make good matches between individuals looking for work and employers who need high quality staff.”

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

Why Dolan Accountancy?

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.
  • Free use of ContractorUmbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, ContractorUmbrella.
  • 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.
  • Free Business Banking – We have decided to waive our commission so our clients can use CashPlus free of charge for the first year, saving you £69.
  • 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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