Recruitment Industry Trends Report
The value of the recruitment industry to the UK economy is £35.1bn per year, according to the ninth annual report on the recruitment industry’s performance from the Recruitment & Employment Confederation (REC).
Key statistics from the REC’s ‘Recruitment Industry Trends 2015/16’ report include:
- More than three quarters (76.1%) of value added to the UK economy by the recruitment industry was derived from temporary employment activities.
- There are 9,565 recruitment agencies with an annual turnover of more than £250k operating in the UK.
- The top three sectors in which recruiters made permanent placements in 2015/16 are professional/managerial, technical/engineering, and secretarial/clerical.
- The top three sectors in which recruiters made temporary placements in 2015/16 are industrial/blue collar, accounting/financial, and secretarial/clerical.
- The top concern of recruiters operating in permanent recruitment is a lack of relevant skills and experience amongst candidates.
- The top concern of recruiters operating in temporary recruitment is the consequences of the vote for Brexit.
The report also found that the majority of temporary and contract assignments last longer than 12 weeks. The average length of assignment is more than 12 weeks for 73% of contract workers and 61% for temporary agency workers. This suggests that the majority of temporary workers benefit from equal treatment with permanent employees under the Agency Workers Directive.
“The recruitment industry is bigger than ever before and contributes more to the UK economy than advertising, arts and recreation, and the food and beverage industry. Our industry is the engine that drives the UK jobs market, enabling people to find the right job and businesses to find the talent they need to succeed,” said REC CEO Kevin Green.
Recruitment Industry Trends 2015/16 is available is free for all REC members and costs £500 (ex VAT) for non-REC members – https://www.rec.uk.com/news-and-policy/research/recruitment-industry-analysis