Temporary recruiters set all time record

Temporary recruitment companies achieved their highest annual turnover since records began during the financial year ended April 2013. Overall, the recruitment industry achieved growth of 3.1% with a market value of £26.5bn.

The figures were revealed in the Recruitment & Employment Confederation’s (REC) annual Industrial Trends Survey. In fact the survey goes on to present a very rosy picture for future growth, predicting growth of 7.3% in 2013/14, 8.3% in 2014/15 and 9.6% in 2014/15. If their predictions prove correct, the recruitment industry as a whole would beat its pre-recession peak of £27bn annual turnover as early as March 2014.

According to the survey, there are 1.1m agency workers in the UK, representing 4% of the total workforce. On the permanent side, recruiters helped 600,000 people find a new permanent job.