Recruitment industry hits record highs

06-11-2007

Recruitment industry hits record highs
The recruitment industry has seen a record-high turnover, according to the latest findings.

Figures from the Recruitment and Employment Confederation's (REC's) Annual Industry Turnover and Key Volumes Survey 2006/7 show turnover for the sector reached £26.673 billion, up from £24.838 billion over the previous year.

The REC’s acting chief executive Helen Reynolds commented that the sector is key to the success of the UK economy.

"The continued growth of the recruitment industry is again a timely reminder of the testimony to the way recruitment is now being seen as a major player within the UK economy," she said.

She also noted in such a tight labour market that current focus within the industry lies on retaining staff and attracting the best talent.

Published in association with the Recruitment Finance Division of Lloyds TSB Commercial Finance and Recruitment Consultant magazine, the findings show the temporary and contract category has grown strongly.

These figures come after findings from Joslin Rowe discovered recruiters in Scotland are working hard to attract talented applicants to apply for roles in attempt to overcome the current skills shortage.

Related categories: HR / Recruitment.


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