Latest data has shown that recruiters made more than a million permanent placements in the year to March 2019 and on any given day the industry put over 1.1 million people in temporary and contract roles.
The REC’s annual Recruitment Industry Trends report for 2018/19 shows that the industry’s turnover reached £38.9 billion.
The number of recruitment businesses and people working in recruitment also grew; in March 2019 there were 31,140 firms in the industry, up 2% from the previous year. The total number of staff rose by 3% to 119,000 people, approximately the population of Colchester.
During this time a significant proportion, up to 82%, of UK employers who use recruitment agencies were satisfied with the service they got. Similarly, many hirers, up to 83%, were satisfied with the candidates coming through the agencies they work with.
Neil Carberry, Chief Executive of the Recruitment and Employment Confederation, said, “With skills shortages and economic uncertainty dominating the agenda in 2019, many firms reported that client confidence was an issue – so making progress was that little bit harder. With that in mind, it’s testament to the great work recruiters put in that industry turnover reached £38.9 billion. The industry’s progress is good news for the whole economy because good recruitment underpins growth and productivity for clients and opportunity for candidates.
“As we go into 2020, things aren’t getting any easier. There are big legislative changes on the horizon, as well as the next stage of Brexit. What will IR35, the Good Work Plan, an ageing workforce, automation, or decarbonisation mean for the labour market and recruitment? The REC will be by the sector’s side as it faces up to and navigates these changing times.”
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