We’ve been noticing a lot of analysis of the recruitment sector over the last few weeks and thought we would highlight some of the interesting observations made by people way smarter and with a lot more time on their hands. Deloitte survey the industry on an annual basis and whilst you need to participate in the survey to see the full results, they do publish some key findings that make interesting reading. “Now in its fourth year The UK Recruitment Index provides a highly regarded source of financial and operational metrics that enable recruitment companies to measure and benchmark themselves against industry averages. The 2016 results indicate overall continued growth in the UK recruitment sector. While the majority of recruitment firms report increasing net fee income, the pace of growth seems to have slowed as more businesses report static income. “ Key findings79% of recruitment firms reported an increasing net fee income – the second highest since 2013. However, the proportion of businesses reporting static income has also increased from a year ago, suggesting the pace of growth is slowing down. ONS reports a 14% increase in the number of recruitment businesses between 2014 and 2015, highlighting the perception that strong demand for talent is attracting new businesses into the market. The main issue impacting the growth of the UK recruitment businesses has remained access to talent with 61% of respondents citing increasing headcount as their main challenge. Demand for talent was very strong in London where 72% of recruitment businesses in London rated demand for talent as strong or very strong. Other UK regions with relatively strong demand included the South East, West Midlands and the North West.Churn is impacting productivity in the recruitment sector. External factors such as Brexit, technology and broader talent trends are likely to create some opportunities for recruitment firms and those that convert these into business successes are the ones that are likely to ‘ride the waves’ and grow in the long term.
See Full Article : Here UK Recruitment Agencies in 2016
via Blogger UK Recruitment Agencies in 2016