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Recruitment Industry Conference
Kevin Green, CEO REC
7th November 2012
This session

The jobs puzzle
The trends – what’s been going on!
Recruitment market forecast
Emerging talent crisis
Tomorrows winners
REC Report on jobs
REC Jobs Outlook
The jobs puzzle

          No GDP growth this year
                     but
the private sector created 500,00 new jobs!
The answers!
Retention of talent – productivity
More flexible work – P/T, temps,
freelancers
Demand in candidate driven markets
Pay well below inflation – people pricing
themselves into work
Market Overview
2011/12 Recruitment Industry Trends report
‘Back to the Future’ Working Paper
Recruitment Industry Trends
Annual survey for recruitment
agencies 12 months to April
2012
Highlights:-
  Turnover
  Volumes
  Margins
  Staffing
Research undertaken by an
independent research partner
Recruitment Industry Trends

Turnover – increased by 4.3% to £25.7bn
Recruitment Industry Trends
Volumes –550,448 permanent placements and 1.1m
temporary agency workers
Recruitment Industry Trends
Staffing – slight increase to 92,446 with growth in the
number of administrative / management roles
Recruitment industry forecast
        up to 2016
REC 2012 Medium Term Forecast
REC’s ‘Back to the Future’ report
The UK Recruitment Market

Over




            decline in the number of
            recruitment businesses
                   in a year
A Maturing Market
Conclusion – 8 key trends

The economy
Greater control of the supply chain
Continuing margin pressure
A maturing market
Greater segmentation
Increased ‘professional flexibility’
Demise of high street recruiting
An inch wide and a mile deep
Emerging talent crisis
Two Speed Labour Market
Ageing Population
Social attitudes to work
Social media – opportunity and threat!
Government’s understanding of work
Increased flexibility




Competition

Choice

Free labour market
Working differently – 3 shifts
Shallow generalist to serial mastery
Isolated competitor to innovative
connector
From voracious consumer to
impassioned producer




                 Sour ce: Pr of Lynda Gr at t on –
Responses

What talent do you need?
Compete for talent vs who?
How do I attract talent? – is my employer
brand stronger than my competitors
Are you searching for talent in the right
places
How do we create meaning and loyalty to
retain talent?
Recruitment winners

Those businesses that:-
  Make a choice on how to compete
  Become more niche and specialist
  Focus on job creators – SMEs
  Use content to build relationships
  Embrace social media
  Compete with their people capability
Any questions?
Thank You for listening
Thank you for listening

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