Permanent recruitment fees fall 8 per cent

Permanent
recruitment fees in the recruitment industry fell by 8 per cent last year, a
sector-wide survey reveals.

The
study by the Recruitment & Employment Confederation (REC) also shows that
margins in the temporary recruitment market fell 0.7 per cent.

Tim
Nicholson, chief executive of the REC, said that although the survey shows
total recruitment industry sales grew by 5.9 per cent and the temporary
recruitment industry also expanded by 7.1 per cent, overall the year had been a
difficult one for the industry.

"The
survey demonstrates that the recruitment industry continues to be of huge value
to the UK economy both in the services it provides and the revenue it
generates. It is also clear that this has been a tough year for our
industry," he said.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Name

This field is for validation purposes and should be left unchanged.

Δ

"Further
margin squeezing as well as additional regulatory costs contained within the
Government’s legislative pipeline may affect our ability to find job
opportunities for work-seekers on the extremely large scale achieved in
2001-02."

By Ben Willmott