The 2013/14 Recruitment Industry Trends Survey is a comprehensive look at the state of the recruitment market in the United Kingdom.
This year’s survey covers the financial year to the end of March 2014, a time when the industry saw important gains in turnover and placements, as well as an increase in the number of people pursuing recruitment careers.
The industry reached £28.7 billion in turnover for the year, a rise of 8.2 per cent. A record £26 billion (91 per cent) of the market comes from temporary and contract business – a 8.2 per cent rise year-on-year – and more than 14 per cent above the pre-recession figure from 2007/08. Revenue from permanent business rose by 8.7 per cent to £2.7 billion, but still 37 per cent below its pre-recession peak of £4.3 billion.
The recruitment profession continues to grow, with more than 96,000 people working in the industry. This is the fourth consecutive rise, but still more than 12,000 short of pre-recession numbers.
Other highlights include:
Our predictions forgrowth in the industry over the next three years
Margin trends in both permanent and temporary/contract business
The average volume and turnover per branch and per consultant
This is a thorough and engaging examination of the recruitment industry, filled with expert analysis and insight. Anyone with a stake in the market will find this an essential road map for the coming year, to be shared with clients and business partners alike.