Figures show that the recruitment and staffing industry contributed £42.9 billion of direct Gross Value Added to the UK economy last year.
According to the REC’s latest Recruitment Industry Status report, recruitment and staffing firms played a huge role in driving recovery, with 22.4 million temp/contract placements and 540,000 permanent placements made in 2021.
REC Chief Executive, Neil Carberry, commented, “The robust recovery that recruitment and staffing has enjoyed since the pandemic has been driven by meeting client and candidate needs.
“With an unpredictable economic outlook, but severe shortages of labour, it has never been more important for businesses to work with recruiters who are able to offer the advice they need to shape a winning offer.
“In addition to the almost £43 bn of direct value added to the economy, getting the “people stuff” right helps employers to unlock additional productivity and growth, as REC work has shown.
“Looking forward, recruiters with the right product mix, ability to supply good candidates well, and advisory capacity can expect to have a positive year in 2023.”
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