UK Recruitment Industry Posts Record Returns

Wednesday, November 5, 2014

HotLizard note that the record revenue of £28.7 billion by the end of the financial year 2013/14 has been published at the end of October by the Recruitment and Employment Confederation (REC).

An 8.2 per cent rise from the previous year’s total, £26.5 billion (2012/13), has exceeded the previous record high of £27 billion achieved in 2007/08, beating pre-recession highs. Growth in revenue was driven by an increased volume of activity and by a fall in the proportion of work conducted in return for low margins.

The report Illustrates record levels of employment in the UK labour market, showing that in 2013/14 recruiters helped more than 630,000 people find a new permanent job, and that on any given day 1.15 million people go out to work on a temporary or contract assignment secured via a recruitment agency.

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