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Recruitment industry sees a significant increase

Filed under: Recruitment General — Jonathan on November 13, 2012

In spite of market conditions being difficult, the recruitment industry in the UK rose by an impressive 4.3 per cent in the last financial year, which ended in April of this year. It has now reached £25.7bn. The data was sourced by the Recruitment and Employment Confederation’s Recruitment Industry Trends Survey for 2011/12. This bodes well for those seeking information security contract jobs and business continuity vacancies in the near future.

An equally impressive 5.5 per cent turnover increase from contract/temporary business was responsible for the growth. It grew from £22.1bn in 2010/11 to an impressive £23.3bn. The turnover, however, from permanent-sector business decreased by a disappointing 6.6 per cent to £2.4bn.

Director of Research for REC, Roger Tweedy, told Recruiter that the figures, incorporating the initial six months of the Agency Workers Regulations, are a reflection of a fairly solid performance in a market filled with challenges.

There has been a strong recovery for the economy from its lowest point in 2009/10, when it stood at £19.7bn. Chief Executive of the REC, Kevin Green, said that they demonstrate the industry’s adaptability and resilience, seeing it not too far from standing at its highest-ever £27bn peak in 2007/8.

Green went on to say that the numbers reveal that AWR failed to have the effect that some said it would have.

He said the lone figure he was surprised by was the unfortunate 11 per cent drop in recruitment businesses in operation in 2011. The figure was revealed by the Office of National Statistics.

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