18 Jun 2018
A Mid Year Recruitment Round Up
With the summer solstice later this week we've been taking a look back to the start of the year at some of the predictions for 2018 recruitment trends. The surge in technological advances has an impact on the growth of the sector, and it's important for us to keep a careful eye on what's happening in the sector so we can adjust our strategy for clients and candidates alike.
An Optimistic Start
2018 started with recruiters feeling optimistic about the new year with predictions being that this year would prove stronger than the last.
The 2018 UK Recruitment Trends Report
from Bullhorn stated that 77%
of Recruitment professionals had the expectation that company revenue would be on the increase this year compared to 2017 - this would fall into line with the higher level of employment rates and employer confidence.
The Mid Year Stats
With increased employment rates standing at 75.6%
for 16-64 year olds according to the Office of National Statistics
, the prediction for a buoyant job market it 2018 looks to be panning out well. This figure is steadily rising, having increased by 0.2%
since the end of 2017.
With 62% of those who responded to the 2018 UK Recruitment Trends Report stating that referrals were one of the strongest ways to find good quality candidates, and almost 22% stating that they are by far the best way to find a successful candidate it remains to be a great way to ensure the recruiter experience is a positive one for both candidates and the clients - and the customer experience is key to gaining future business.
A Positive Change
The General Data Protection Regulations (GDPR) that became enforceable at the end of May made some nervous at the beginning of the year with a big clean up operation happening for many, but giving people greater power over how their data is used was no bad thing. Recruiter databases may be smaller where people chose not to opt-in to contact, however this has left a higher quality, employment seeking pool to contact. The deadline rolled around on 25th May and with compliance at the top of the list for all reputable recruitment companies, it was no bad thing.
To sum up, the news is positive, employment rates are up on 2017 and rising throughout 2018 so far. Referrals still play an important part in the process as well as specialist recruitment agencies; and GDPR didn't make too much of a change other than to create a higher quality, more engaged audience for recruiters. We look forward to seeing what the second half of 2018 brings.