We view the UK recruitment industry as vital to the UK economy. It is a particularly fast growing sector in 2015, especially now the economy is starting to pick up again after a tough few years and recruitment has appeared high on the agenda of many private and public companies.
Below is SBF’s rundown on the key facts and figures* of the recruitment industry:
8,000 recruitment businesses operating in UK (as of 2014). The number is growing!
Unemployment fell by 102,000 to 1.86 million in the three months to the end of January 2015, according to the latest Office for National Statistics (ONS) figures. The economy is picking up!
>90,000 people employed in UK recruitment industry. That's double the population of Margate!
93% of companies use social media to assist with their recruitment. #BigBrother
>600,000 people found new, permanent jobs through recruitment agencies in 2014. That's huge!
21 people a year are placed in jobs by each permanent recruitment consultant (on average). Bravo!
1.1 million agency workers employed in temporary roles at any one time. Three times more than the entire population of Iceland!
£24.1 billion value of temporary/contract recruitment activity in 2014. God bless those temps.
£2.4 billion value of permanent recruitment activity in 2014. And growing!
£26.5 billion total value of the UK recruitment industry in 2014. A massive part of the services sector.
Bonus 11th Fact: 7.3% growth expected in industry between January 2015 and December 2015. Growth may even top that figure!
Recruitment agencies are our bread-and-butter...
So much so, in fact, that recruitment agencies are our bread-and-butter. A large proportion of our client portfolio are made up of recruitment agencies who want fast access to funds.
We are pioneers in not just providing Invoice Factoring and Invoice Discounting to businesses up and down the country, but also in helping our clients grow and become better.
Why not give us a ring on 0845 602 9354 or email us on firstname.lastname@example.org to see how Invoice Finance can work for you.
* all stats above were found whilst conducting research online.