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Recruitment sector looks forward to a strong 2013

Recruitment sector looks forward to a strong 2013

Over 80 per cent of recruiters expect their agencies’ revenues to increase in 2013 according to research conducted by recruitment software specialist Bullhorn.

The results are detailed in Bullhorn’s 2013 EMEA Trends Report. Forty-five per cent of recruiters claimed their organisations met their revenue goals in 2012, while 30 per cent claimed they’d exceeded them – interestingly 34 per cent of firms whose employees used cloud recruitment technology exceeded their 2012 revenue goals. Out of those that didn’t use the cloud, only 23 per cent exceeded the same yearly goals. Of those that expect their agency’s revenue to increase this year, almost half believe it will rise by more than 25 per cent compared to last year’s totals.  

On a personal level, 80 per cent of the recruiters surveyed expect their total yearly remuneration to increase in 2013 compared to 2012, with 58 per cent claiming they’d experienced a rise in remuneration in 2012 from 2011. Salary expectations also look promising with the largest percentage of respondents (34 per cent) expecting to earn between &pound40,000 and &pound75,000 this year.

Peter Linas, international MD at Bullhorn comments: “It looks like even throughout one of the worst periods of economic austerity in the last 50 years, the recruitment market continues to fare well. The private sector in the UK is generating healthy levels of new jobs and employment is at record high with the Office of National Statistics recently posting the highest figures since records began in 1971.”

The report shows that the recruitment employment market itself also looks healthy with 85 per cent of respondents expecting to add staff to their businesses in 2013.

Linas continues: “The majority of respondents claimed that the most effective tactic they’ve deployed over the last 12 months is good old-fashioned networking. In fact, 72 per cent of respondents claimed that increased focus on strengthening new and existing client relationships has worked to their advantage and 70 per cent said that attending networking events has helped them win new clients.”  

The report takes an in-depth look at the recruitment sector and includes details on salaries and revenues, use of social media, and recruiter sentiment. The report can be downloaded in full by clicking here. 


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