The study, which surveyed 200 UK recruiters, found that there are a number of key areas that recruitment consultants are concerned about right now, including low budgets (38.2%), the current economy (34.6%) and uncertainty around Brexit (31.6%).
Despite this, 77.7% of agency recruiters plan to increase their hiring efforts in the next six months, with 60% stating that they are ‘somewhat confident’ about their recruitment efforts right now.
Lee Biggins, founder and CEO of CV-Library comments:
“There are certainly mixed messages around how the recruitment industry is really fairing right now. In fact, a study released last year shows that that the number of recruitment agency start-ups in the UK was higher in April 2018 than at any time over the previous six years, proving that it’s still seen as a lucrative market.
“That being said, while the industry remains buoyant it’s clear that recruitment consultants are struggling to hire and the economy is a huge driving factor behind this. Our own job market data does show that application rates are down when comparing data from 2019 with pre-Brexit figures, however they are up year-on-year, which suggests that the market is moving in the right direction.”
Alongside the above, the study also found that nearly two-thirds (62.8%) of recruitment consultants say hiring more staff is their main priority right now, followed by improving quality of hires (54%) and reducing time to hire (38%)
“It’s important to have clear objectives when hiring and to use the right tools to help you meet these goals. The best suppliers should understand your needs as a consultancy and work on tailored packages to help you get the best value for your budgets; especially if you’re a new recruitment business.”
CV-Library is currently running a recruitment agency start-up offer
For just £299+VAT a month, you will get:
- Access to 14 million candidates in their extensive CV Database
- 5 job postings every month, which will be advertised across hundreds of sites in their network
- A dedicated account manager on hand to support with your CV searches and job postings
Claim this offer now: www.cv-library.co.uk/trial-account?ts=3244
CV-Library is one of the UK’s largest online job sites and attracts over 4.3 million unique job seekers every month. Founded by Lee Biggins in 2000, CV-Library is the UK’s leading independent online job board with a database of over 14 million CVs.