Industry infographic reveals record turnover

The latest trends update from the Recruitment and Employment Confederation (REC) has piqued the interest of many consultants and agencies across the country, with its market forecast findings presented as a dynamic infographic.

The results presented show a comparison between permanent and temp/contract recruitment, with some encouraging stats reflecting a sense of growing optimism within the sector that is stronger than ever.

Over the past 12 months, total industry turnover has grown by 3.1 per cent to £26.5 billion, of which the temporary and contract market contributed 91 per cent for 2012/3 with record gross revenue of £24.1 billion reported.

According to REC chief executive Kevin Green, whose comments can be read here , the robust nature and attitude of the industry as a whole has significantly contributed to its continuous improvement and year on year over achievement in terms of exceeding predicted revenue growth.

Confidence in the post-recession recovery made so far has resulted in a much more positive forecast for the next three years, with realistic growth figures of 7.3, 8.3 and 9.6 per cent respectively set to increase total industry turnover to an even bigger record high of £33.5 billion by 2016.

While the numbers are very impressive, it is the increased volume of people that are now in work following a period of crippling unemployment that is the real success story here. Demonstrating the unrelenting stability and dedication of recruiters are the 617,000 people who got permanent jobs, and those 1.1 million people in temp/contract assignments on any given day.

The job security and satisfaction of placed candidates and the growing investment made by employers into their recruitment processes have been the nurturing forces aiding the industry’s recuperation; setting the scene for a welcome and increasingly pacy return to the golden pre-recession years.

Take a look for yourself. You can see the infographic here and the accompanying presentation here.