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:
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