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Recruitment industry confirms growth
Recruitment industry confirms growth

Shaky economies, Far Eastern stock market crashes and skills gaps are obstacles for any industry, but recruitment is one sector that’s enjoying stable growth despite such prevalent influences.

A new study by Deloitte reports that 83% of agencies have seen their net income increase over the last twelve months. Even the number of agencies previously reporting a decline has reduced by 11%.

With this success comes a new set of challenges, however. As often happens when growth occurs, agencies are – ironically - facing difficulty enlisting new staff to cope with their increased workloads, and 31% also reported issues with the retaining of their in-house talent. Various elements were mentioned in the study as paramount to a competitive employee package, such as private healthcare, flexible working hours, employee share schemes and staff outings. Whether these are the right benefits to attract and retain today’s recruitment agents will no doubt be the subject of further studies.

The sustaining of this welcome success and growth is another worry, Deloitte found, as 44% admitted the maintaining of profitability was an ongoing concern. To counteract this issue was the plan by 29% of agencies to develop capable management teams, to steer them towards greater success. Tools and techniques to also uphold agencies’ growth ranged from increased training (70% of agencies reckoned this was very important) to an investment in technology (50% said this was fairly important). The expansion was planned by many (71% considered this important) as one method to increase growth even further.

2015 follows a healthy 2014 for the recruitment web design sector. A survey carried out at the beginning of the year by Bullhorn saw agencies predict profitable times ahead after the successes they achieved over the previous twelve months. As many as 93% surveyed by Bullhorn expected 2015’s revenue to outdo the previous year, something Deloitte’s report appears to confirm.

Agencies’ ambitious outlook, concerning revenue, expansion and staff numbers, equals good news for the industry. As other countries, namely China, face cuts and financial challenges, it seems this is one sector that’s certainly on the up.

Fast Recruitment Websites help their clients stand out from the crowd on their own merit. Contact us today on 01302 288591 to discuss your website design needs.

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