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Wednesday, 9 November 2011

UK recruitment industry grows by 25%

The last year has seen turnover in the UK’s recruitment industry rise by over 25 per cent, according to the latest annual industry report by the Recruitment and Employment Confederation (REC).

In the organisation's Medium Term Forecast, it predicts single digit growth over the next four years, with the industry expected to peak at over £30 billion in 2014/15.

The report noted that turnover in temporary/contract staffing has returned to 2006/2007 levels at £22 billion, while permanent recruitment also rallied last year, representing a 37 per cent increase on 2009/10's levels.

Volumes of permanent placements rose by 38.3 per cent from 436,822 last year to 604,193 in 2010/11, while temporary posts were up 19.3 per cent to stand at 1,049,333, compared to 879, 000 last year.

The number of people working in recruitment has also gone up 13.1 per cent from 80,528 last year to 91,114 this year, the data showed.

Commenting on the data, Kevin Green, the REC's chief executive, said it once again demonstrate the resilience of the UK recruitment industry.

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Posted by Richard Esquilant ADNFCR-1617-ID-800790923-ADNFCR

Source: The Sales Director News

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