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.
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.”
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