Connecting to LinkedIn...

Blank

Recruiter salaries stand still as recession hits

Recruiter salaries stand still as recession hits

The 2009 Annual Salary & Benefits Survey from the Recruitment and Employment Confederation (REC) in association with accountants Saffery Champness, provides one of the clearest insights yet as to how the current recession is hitting recruiters.

Nearly half (42 per cent) of agencies that have survived the downturn report that they have made redundancies and 39 per cent currently have a headcount freeze in operation. In difficult trading conditions most owners have acted to freeze salaries and commission rates at 2008 levels.

Other key findings include:

The average basic salary for the UK recruitment industry currently stands at 27,420.
The average total salary of recruiters, including bonus/commission, currently stands at 38,218.
Bonuses received by Managers were on average around 4,000 higher than Consultants.
Overall, nearly two-fifths (38%) of recruiters remain concerned about their job security.
Despite the recession, overall, job satisfaction in the recruitment industry remains high. Just under three quarters of all recruiters are satisfied with their job overall (73%, compared with 76% in 2008).
There remains a clear link between training and employee satisfaction.
Overall, the average rate of staff turnover (i.e. the average proportion of staff that leave and are replaced in a 12 months period) has stayed at 2008 levels.

Roger Tweedy, the RECs Director of Research, said: The results of the survey should not really come as a surprise as we know the recruitment industry, like so many other economic sectors, has borne the brunt of the recession.

However, our other current research work has given clear indications that confidence is gathering momentum among employers indicating possible improvements within the industry in the last quarter of this year. So hopefully, this will continue to build and will be reflected in next years survey.

Tags:

Articles similar to

Articles similar to