Recruitment Industry Value hits All Time Peak
Research published by the Recruitment and Employment Confederation (REC) has shown the value of the UK’s recruitment industry to have surpassed its pre-recession peak. According to the industry representative body, the sector recorded a total revenue of £28.7 billion by the end of the financial year 2013/14.
Total industry turnover increased by 8.2 per cent on the previous year’s total, £26.5 billion (2012/13) and exceeded the previous record high of £27 billion achieved in 2007/08. Growth in revenue was driven by an increased volume of activity and by a fall in the proportion of work conducted in return for low margins.
“The recruitment industry is the driving force behind the UK’s labour market recovery,” says REC chief executive Kevin Green. “The positive impact that recruiters have on people’s working lives and the businesses in this country is the reason we have record employment, and unemployment falling at unprecedented speed.
Post by Eleanor Carroll October 29 2014 Categories: News, Recruitment
Related posts
- Facebook adopt Twitter hashtags
- Circle confirmed as No.1 advertiser in UK!
- Japanese recruitment giants are expanding
- Weird and wonderful questions asked in interviews!
- Circle to remain on the Cloud
- Criminal Records Check procedures deemed unlawful
- Number of UK Jobs Increases - again
- 2012/13 UK Recruitment Turnover Grows by 3%
- 25% of Recruiters Concerned by Skills Shortage
- Salary rises planned in 2014
- More than £30K to replace staff, report finds
- Circle partner with Rische Group for New Office Design
- Candidate Shortage as UK Recruitment Booms
- 1 in 3 Feel Boss Favours Those who put Work Before Family
- Recruiters React to Scottish No Vote
- London Vacancies up more than 50%
- Press Reaction to Circle New Office
- Circle achieve Investors in People award
- Investors in People choose Circle for Article on Strong Employer Brands
- Circle Endorses Consultants with IRP Accreditation
- Nearly Half of UK Business Suffering Skills Shortage
- UK Recruitment sees third year of growth
- Staff Availability Falls in August 2015
- Circle finish above BBC and ITV to win MediaCity Football League
- 55% of UK Businesses suffering Skills Shortage
- Work from Home, or Pay Rise?
- UK Sees Standout Job Growth in September
- Workplace Stress Causing Problems in Majority of Workplaces
- UK ranks 3rd in Global Talent Competitiveness
- Majority of UK Workers Seeking New Role
- Office Workers want Flexible Hours
- Most Awkward Office Conversations Revealed!
- Over half of Brits admit to haggling over job offers!
- Developers Happy to take Pay Cut to contribute to Wider Business
- 22% of Candidates review their Interviewer’s Social Media
- Half of employers say Brexit will worsen skills gap
- Employers Neglecting Mental Health of Stressed Staff
- Job Vacancies Rise by 7.6%, as Market Strengthens
- Many Jobseekers Can’t Resist Lying on CVs
- Computer languages now earn you more than additional human language
- Jobs without a degree can pay more than £50,000
- Revealed: The pressures causing employees to act unethically in their workplace
- 60% of UK employees think they could better their boss
- Brits spend up to 46% of their monthly salary on Christmas celebrations!
- Opening Christmas presents, or opening your inbox?
- The UK recruitment industry grew by 11% to £35.7 billion in 2017/18 despite ongoing Brexit uncertainty
- Research reveals the office traditions Brits want to get rid of this year!
- Survey reveals UK organisations suffer from ‘Non-Starter Syndrome'
- Nearly half of Brits don’t feel comfortable asking their employer for pay rise
- Top 10 Industries for Pay Right Now
- Average pay packets £3k higher than 2 years ago
