{"id":4178,"date":"2015-04-08T12:23:28","date_gmt":"2015-04-08T16:23:28","guid":{"rendered":"https:\/\/www.bullhorn.com\/au\/?p=4178"},"modified":"2019-03-02T09:09:45","modified_gmt":"2019-03-01T22:09:45","slug":"2015-australian-recruitment-trends-report","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/au\/blog\/2015-australian-recruitment-trends-report\/","title":{"rendered":"Now Available: 2015 Australian Recruitment Trends Report"},"content":{"rendered":"

Today we released our 2015 Australian Recruitment Trends Report \u2013 \u201cMaking Headway.\u201d This year, we once again examined key recruitment industry benchmarks, including hit rate, fill rate, time-to-fill, recruitment consultant remuneration, agency revenue, and the most successful candidate sourcing strategies. The report is based on a survey of 105 recruitment agency professionals.<\/p>\n

Download it for free: 2015 Australian Recruitment Trends Report<\/a><\/strong><\/p>\n

Over the next several months, we\u2019ll be sharing in-depth data on recruitment industry trends from the report, along with some valuable information that didn\u2019t make it into the final report. This particular post will break down some revenue- and metric-based highlights from the Trends Report.<\/p>\n

Revenue Performance and Expectations:<\/strong><\/p>\n

In 2014, 75% of Australian recruitment agencies met or exceeded their revenue goals, including 35% of agencies that exceeded their goals. Contingent executive search agencies displayed the worst performance of any primary recruitment type, with 37% of agencies falling short of their revenue goals. Of particular note, while permanent and contract agencies had similar percentages of agencies that fell short of their goals in 2014, contract agencies had a significantly greater percentage of agencies that exceeded their goals (44%) than permanent agencies (29%).<\/p>\n\"AU<\/a>\n

As a result of this past year\u2019s success, 86% of recruitment agencies expect their revenue to increase in 2015. This includes 62% of agencies that expect their revenue to increase by more than 10% over the next year.<\/p>\n

Metric Performance:<\/strong><\/p>\n

APAC recruitment agencies\u2019 fill rate has an inverse relationship with agency size \u2013 small agencies (made up of 10 or less recruitment consultants and salespeople) filled over half of the job orders they received in 2014, but fill rate decreased as agency size increased, all the way down to 37% for agencies with 75 or more consultants.<\/p>\n\"AU<\/a>\n

Average hit rate, meanwhile, varied interestingly by industry. Agencies recruiting for healthcare positions had the best average hit rate by a significant margin, perhaps indicating a lesser amount of submissions required for healthcare job orders due to a binary focus on technical qualifications rather than individual fit. Recruitment agencies that recruit for manufacturing jobs, meanwhile, also performed well in hit rate despite the manufacturing industry\u2019s recent trend toward contraction. Agencies placing candidates into government jobs not only had the lowest average hit rate by industry in 2014 (33%), but also the lowest fill rate and the most difficulty with finding skilled candidates, with 80% of government recruitment respondents indicating a shortage of talent.<\/p>\n\"AU<\/a>\n

Sourcing Strategies, Remuneration, and More:<\/strong><\/p>\n

You can use information from the Trends Report like the metrics above to inform your firm\u2019s decision-making, including:<\/p>\n