Despite the potential impact of public sector cuts we expect to see a return to growth in the next year
Turnover in the UK’s recruitment industry fell by more than 12 per cent in the years to march 2010, according to the annual industry report published by the Recruitment and Employment Confederation. Despite this the report did show that the recruitment industry still has sales of just under £20bn.
In April 2009 annual turnover was seen to fall to £19.7bn, compared to £22.49bn last year. The impact of the downturn in the UK however has been less than that of North America or other EU states which have seen contractions of between 20-35 per cent. Over the last 6 months the recent REC/KPMG report has shown growth in demand for staff over the last 6 months, which is reflected in the UK listed recruiters returns to growth for the second half of 2010.
REC chief executive Kevin Green said "This has been a tough climate for those on the front line of the UK’s fragile jobs market. However, we believe that the majority of the contraction happened in the first half of the 09/10 period. The historical data released must be weighed against the more recent monthly jobs data which shows increasing hiring activity in many sectors.
"Recruitment is a resilient and entrepreneurial industry, achieving a £20billion turnover even during the longest and deepest recession since records began. Despite the potential impact of public sector cuts we expect to see a return to growth in next year’s report and look forward to seeing the industry bounce back”
What are these?
Follow on Twitter
Link to us
Read our Blogg
Connect with us