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.