{"id":4448,"date":"2015-03-27T13:45:37","date_gmt":"2015-03-27T17:45:37","guid":{"rendered":"https:\/\/www.bullhorn.com\/eu\/?p=4448"},"modified":"2019-03-01T21:27:51","modified_gmt":"2019-03-01T21:27:51","slug":"recruitment-economy","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/eu\/blog\/recruitment-economy\/","title":{"rendered":"Recruitment Companies: The Economic “Comeback Kids”"},"content":{"rendered":"

During the 2015 Budget announcement, Chancellor of the Exchequer, George Osborne, called Britain \u201cthe comeback country.\u201d And what a comeback it’s been for the UK recruitment\u00a0industry!<\/p>\n

UK employment now stands at 73.3 percent \u2013 the highest level since records began in\u00a01971.<\/strong> The Chancellor pointed out that this means 1,000 new jobs are being created every\u00a0single day \u2013 something from which the staffing industry has certainly benefited.<\/p>\n

Our 2015 Recruitment Trends Survey <\/a><\/strong>asked 217 agency professionals about their\u00a0company’s performance and expectations, and the findings demonstrated real, measurable\u00a0growth only proving that the British recruitment sector is in better shape than ever before.<\/p>\n

In fact, 85 percent of respondents reported that they had “met or exceeded” their 2014\u00a0revenue goals<\/strong> \u2013 continuing a trend of steady improvement dating back to 2011. Ninety-three\u00a0percent of those surveyed expect revenues to increase throughout 2015, with 31 percent\u00a0anticipating an increase above 25 percent. For more than a few subsections of the industry,\u00a0it’s entirely possible these numbers will be even greater: targeted tax breaks \u2013 Petroleum\u00a0Revenue Tax, for example, has been cut by 15 percent \u2013 will free up resources for hiring,\u00a0and provide a significant boost to Oil & Gas recruitment. In light of these positive\u00a0developments, agencies intend to make more hires themselves: 91 percent aim to increase\u00a0their workforce in 2015 \u2013 a four-year high.<\/strong><\/p>\n

The fact that the country is only a few years removed from a global financial crisis makes the\u00a0recovery even more remarkable. But whilst the majority of the recruitment economy\u00a0is\u00a0flourishing, some sectors are lagging behind. For example, while fill rates industry-wide fell\u00a0from 52 percent to 46 percent, the construction sector hit a low of 38 percent, and at 39\u00a0percent, engineering and design came very close. The latter statistic in particular is\u00a0indicative of a general, UK-wide skills shortage that has been pervasive for the last few\u00a0years: 80 percent of survey respondents claimed they didn’t have qualified candidates in\u00a02014, compared to 79 percent in 2013 and 81 percent in 2012.<\/strong><\/p>\n

Still, the stats \u2013 ours and the Treasury’s \u2013 don’t lie. We\u2019ll leave the economic analysis to the\u00a0experts, but on the whole, the future of staffing is a very bright one: a perception the 2015\u00a0budget largely confirms and it looks as though we can expect this improvement to continue\u00a0long beyond 2015!<\/p>\n

Download the 2015 United Kingdom Recruitment Trends Report “Growth and Impact” here<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

During the 2015 Budget announcement, Chancellor of the Exchequer, George Osborne, called Britain \u201cthe comeback country.\u201d And what a comeback it’s been for the UK recruitment\u00a0industry! UK employment now stands at 73.3 percent \u2013 the highest level since records began in\u00a01971. The Chancellor pointed out that this means 1,000 new jobs are being created every\u00a0single […]<\/p>\n","protected":false},"author":12,"featured_media":4451,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[584],"tags":[],"class_list":["post-4448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-trends-and-insights"],"acf":[],"yoast_head":"\nThe Recruitment Economy in 2015 - Looking Up | Bullhorn UK<\/title>\n<meta name=\"description\" content=\"The recruitment economy is looking up, and it seems as though recruitment agencies are the economic comeback kids of the year, says Bullhorn's Peter Linas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bullhorn.com\/eu\/blog\/recruitment-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Recruitment Economy in 2015 - 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Prior to taking on the launch of Bullhorn in the UK, Peter spent 20 years working in the recruitment industry and held a number of senior director roles before moving into the technology space.","sameAs":["https:\/\/www.bullhorn.com\/uk","https:\/\/x.com\/peterlinas"],"url":"https:\/\/www.bullhorn.com\/eu\/blog\/author\/plinas\/"}]}},"grav_blocks":null,"card_markup":"<a class=\"card-resource\" href=\"https:\/\/www.bullhorn.com\/eu\/blog\/recruitment-economy\/\">\n\t\t\t<div aria-hidden=\"true\" class=\"card-resource__image-container\">\n\t\t\t<img class=\"card-resource__image\" alt=\"hiring\" title=\"hiring\" src=\"https:\/\/www.bullhorn.com\/eu\/wp-content\/uploads\/sites\/21\/2015\/03\/hiring.jpg\" \/>\t\t<\/div>\n\t\t\t<div class=\"card-resource__content\">\n\t\t\t\t\t<span class=\"card-resource__category\">Industry Trends & Insights<\/span>\n\t\t\t\t\t<h5 class=\"card-resource__title\">Recruitment Companies: The Economic “Comeback Kids”<\/h5>\n\t\t\t<\/div>\n<\/a>\n","_links":{"self":[{"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/posts\/4448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/comments?post=4448"}],"version-history":[{"count":0,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/posts\/4448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/media\/4451"}],"wp:attachment":[{"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/media?parent=4448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/categories?post=4448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bullhorn.com\/eu\/wp-json\/wp\/v2\/tags?post=4448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}