It’s brought to you by Bullhorn, the global leader in CRM and operations software for the recruitment industry. Retention strategies for the coming year should aim to focus more on the human-ﬁrst approach, beginning with leadership techniques. In our research with jobseekers, we found almost a quarter claim to receive more than one job offer, while 57% have accepted a second-choice role when their preferred employer took too long to contact them. Written by Francesco Salau, a leading analyst in the B2B sector, his extensive knowledge delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
Explore the latest ONS unemployment figures alongside commentary and insights from Matt Weston, Managing Director at Robert Half UK. It is increasingly important to candidates that they find roles with organisations that provide a collaborative, flexible workplace that also makes them feel invested in the success of their team. Where The White Space Is. Become a trendsetter on your social networks by using these free downloadable social shareables. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 700 people globally. Having identified and communicated the unique selling points of your business, as well as addressing the lags in your hiring process, it’s worth thinking about flexible recruitment strategies. Economic uncertainty drags on recruitment market growth in 2019, Figure 1: UK recruitment market value and forecast, £ billion, 2015-24, Flexibility of temporary recruitment props up market value, Figure 2: UK recruitment market value, by type, £ billion, 2014-19, Public sector employment increases for the first time since 2010, Figure 3: UK public sector employment, ‘000, seasonally adjusted, 2010-19, Figure 4: UK private sector employment, ‘000, seasonally adjusted, 2010-19, No-deal Brexit will amplify existing skills shortages, Brexit uncertainty is both a boost and a hindrance, Recruitment sector growth slowed by uncertainty, Benefits of flexibility offered by temporary employment sustain demand for it, Market value forecast to grow robustly if Brexit is resolved, Figure 5: UK recruitment market value, £ billion, 2014-19, Economic uncertainty has damaged employer confidence, Figure 6: REC JobsOutlook index, employers’ economic outlook and investment hiring confidence, May-July 2018-Mar-May 2019, Public sector sees growth for the first time in almost a decade, Figure 7: UK public sector employment, ‘000, seasonally adjusted, 2010-19, Figure 8: Public sector employment in central and local government, ‘000, seasonally adjusted, 2010-19, Private sector employment growth continues despite Brexit uncertainty, Figure 9: UK private sector employment, ‘000, seasonally adjusted, 2010-19, Figure 10: UK recruitment market value, by type, £ billion, 2014-19, Popularity of temporary recruitment reinforces its stability, Figure 11: Segmentation of temporary and contract employment through recruitment, % volume, 2017 and 2018, Temporary recruitment demand is being shaped by Brexit, Figure 12: Segmentation of temporary and contract employment through recruitment, % volume, 2018, Permanent recruitment growth slowed by political uncertainty, Figure 13: Segmentation of permanent employment through recruitment, % volume, 2017 and 2018, Drivers, education and healthcare sectors continue to bolster permanent recruitment demand, Figure 14: Segmentation of permanent employment through recruitment, % volume, 2018, Forecast growth remains strong but faces short-term risk, Figure 15: UK recruitment market value forecast, £ billion, 2019-24, Economic uncertainty presents a growing obstacle to investment, Figure 16: UK GDP, year-on-year, chained volume measures, seasonally adjusted, £ million, 2012-18, Figure 17: ICAEW UK National Business ConfidenceTM index, Q3 2013-Q2 2019, Figure 18: UK business investment, £ million, Q1 2015-Q1 2019, Figure 19: UK employment rate, % of working age population, 2010-19, Figure 20: UK unemployment rate, % of those aged 16+, 2010-19, Figure 21: UK average weekly earnings growth, 2001-19, Figure 22: UK migration, thousands, December 2010-18, Figure 23: UK net migration, by citizenship, December 2010-18, Figure 24: UK job vacancies, 000s, 2010-19, Figure 25: UK job vacancies by industry, April-June 2018 and April-June 2019, Figure 26: UK employment rates, by region, % of those aged 16-64, Mar-May 2018 and Mar-May 2019, Figure 27: UK regional employment, by industrial sector, %, March 2019, Figure 28: Number of apprenticeship starts, 2015/16-2018/19, Increasing prevalence of flexible working, Figure 29: Self-employment in selected industries indexed to 2010 values, 2010-19, Influx of new businesses drives competition in an uncertain economic climate, Figure 30: Analysis of the changes in the structure of the recruitment industry, number of outlets and businesses, 2013-18, Figure 31: Analysis of the employment structure of the recruitment industry, 2017 and 2018, Figure 32: Analysis of the financial structure of businesses in the recruitment industry, £’000, 2017 and 2018, Figure 33: Financial analysis of Adecco UK, £ million, 2014-18, Figure 34: Financial analysis of Hays plc, £ million, 2014-18, Figure 35: Financial analysis of Impellam Group Plc, £ million, 2014-18, Figure 36: Financial analysis of Page Group, £ million, 2014-18, Figure 37: Financial analysis of Reed in Partnership, £ million, 2014-18, Figure 38: Financial analysis of Reed Online, £ million, 2014-18, Figure 39: Financial analysis of Reed Specialist Recruitment, £ million, 2014-18, Figure 40: Financial analysis of Robert Walters, £ million, 2014-18, Figure 41: Financial analysis of SThree, £ million, 2014-18, Chartered Institute of Personnel and Development, Association of Professional Staffing Companies, © 2020 Mintel Group Ltd. 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