{"id":58818,"date":"2017-03-22T19:36:11","date_gmt":"2017-03-22T23:36:11","guid":{"rendered":"https:\/\/www.bullhorn.com\/uk\/?post_type=press_release&#038;p=58818"},"modified":"2017-03-22T19:36:11","modified_gmt":"2017-03-22T23:36:11","slug":"ninety-percent-uk-recruitment-professionals-expect-meet-exceed-revenue-goals-2017","status":"publish","type":"press_release","link":"https:\/\/www.bullhorn.com\/uk\/news-and-press\/press-releases\/ninety-percent-uk-recruitment-professionals-expect-meet-exceed-revenue-goals-2017\/","title":{"rendered":"Ninety Percent of UK Recruitment Professionals Expect to Meet or Exceed Revenue Goals in 2017"},"content":{"rendered":"<p><strong>22 March 2017, London<\/strong>\u00a0<strong>\u2013<\/strong>\u00a0 Ninety percent of UK recruiters expect to meet or exceed revenue goals this year regardless of continued economic uncertainty, according to <span><a href=\"https:\/\/www.bullhorn.com\/\">Bullhorn<\/a><\/span><span>\u2019s<\/span> <a href=\"https:\/\/www.bullhorn.com\/uk\/resources\/2017-uk-recruitment-trends-report\/\">2017 UK Recruitment Trends Report<\/a>.<\/p>\n<p>However, the report also reveals that one almost third (31 percent) of respondents have a lack of confidence in the industry outlook after the Brexit vote. Additionally, 28 percent anticipate negative business implications from government policies, while more than half (53 percent) expect a negative impact on their businesses if greater restrictions are placed on the movement of labour.<\/p>\n<p>Despite this, the report indicates another strong year of growth for the industry. Beyond the 90 percent that expect to meet or exceed their revenue goals this year, nearly a quarter (25 percent) of recruitment companies expect to grow their revenue by more than 25 percent. \u00a0Accordingly, increasing profitability was rated by respondents as the most important goal for the year (65 percent), followed by improving management of client and candidate relationships (42 percent) in second place, and driving top-line revenue growth (41 percent) in third.<\/p>\n<p>Peter Linas, International Managing Director at Bullhorn, comments: \u201cUK recruitment companies need to be commended for their positive approach to business growth and profitability. Identifying opportunities in the market is half the job; maximising their potential requires stronger, long-term relationships.\u201d<\/p>\n<p>Three-quarters of respondents also expect hiring needs to increase this year. However, only 37 percent expect growth in temporary placements, which suggests that permanent recruitment will drive most of the industry\u2019s growth.<\/p>\n<p>But while hiring needs are expected to increase, the biggest challenge expected by recruiters this year, and possibly far into the future, is a shortage of qualified talent. More than 70 percent of all respondents ranked it as the top challenge, closely followed by economic uncertainty (67 percent) and pricing pressures (58 percent).<\/p>\n<p>The report also highlighted the ever-increasing use of recruitment technology to drive operational efficiency, source talent, and improve margins. For example, more than three-quarters of recruiters (78 percent) of respondents use a CRM system to track candidate activity and 68 percent use one to manage sales.<\/p>\n<p>\u201cAdopting the right technology,\u201d adds Linas, \u201ccan help recruiters take full advantage of one of their best sources of qualified talent and keep their clients fulfilled at a time when uncertainty threatens to compromise revenue targets.\u201d<\/p>\n<p>A superior client and candidate experience is front of mind for most recruitment companies.\u00a0 Ninety-four percent of respondents claim they provide good or excellent service to their clients and 86 percent say they deliver a quality candidate experience. Nevertheless, only some recruiters track their client and candidate satisfaction levels, while others admit that they don\u2019t track them at all.<\/p>\n<p>\u201cDespite ongoing talent shortages,\u201d concludes Linas, \u201crecruitment companies remain bullish and proactive in their approach to business growth \u2013 and very much on course to achieve their ambitious goals.\u201d<\/p>\n<p style=\"text-align: center\"><strong>-ENDS-<\/strong><\/p>\n<p>For more information, comment or interview opportunities, please contact:<\/p>\n<p><a href=\"http:\/\/toplinecomms.com\/\">TopLine Comms<\/a><\/p>\n<p><a href=\"mailto:bullhorn@toplinecomms.com\">bullhorn@toplinecomms.com<\/a><\/p>\n<p>+44 (0)207 580 6502<\/p>\n<p><strong>About Bullhorn<\/strong><\/p>\n<p>Bullhorn is the global leader in CRM and operations software for the recruitment industry. More than 7,000 firms rely on Bullhorn&#8217;s cloud-based platform to drive sales, build relationships, and power their recruitment processes from end to end. Headquartered in the United States, with offices around the world, Bullhorn employs more than 600 people globally. The company is founder-led and backed by Vista Equity Partners. To learn more, visit\u00a0<a href=\"https:\/\/www.bullhorn.com\/uk\"><span>www.bullhorn.com\/uk<\/span><\/a>\u00a0or follow @BullhornUK on\u00a0<span><a href=\"https:\/\/twitter.com\/bullhornuk?lang=en\">Twitter.<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>22 March 2017, London\u00a0\u2013\u00a0 Ninety percent of UK recruiters expect to meet or exceed revenue goals this year regardless of continued economic uncertainty, according to Bullhorn\u2019s 2017 UK Recruitment Trends Report. However, the report also reveals that one almost third (31 percent) of respondents have a lack of confidence in the industry outlook after the [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":0,"parent":0,"menu_order":0,"template":"","class_list":["post-58818","press_release","type-press_release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ninety Percent of UK Recruitment Professionals Expect to Meet or Exceed Revenue Goals in 2017 - Bullhorn UK<\/title>\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\/uk\/news-and-press\/press-releases\/ninety-percent-uk-recruitment-professionals-expect-meet-exceed-revenue-goals-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ninety Percent of UK Recruitment Professionals Expect to Meet or Exceed Revenue Goals in 2017 - Bullhorn UK\" \/>\n<meta property=\"og:description\" content=\"22 March 2017, London\u00a0\u2013\u00a0 Ninety percent of UK recruiters expect to meet or exceed revenue goals this year regardless of continued economic uncertainty, according to Bullhorn\u2019s 2017 UK Recruitment Trends Report. 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