Job opportunities for the professional sector were up month on month in June, with permanent and contract vacancies increasing 38% and 31% respectively, marking the first positive signs for professional recruitment since the crisis began.
Resource Topic: Recruitment Analytics
The UK recruitment sector remains in decline. Permanent and Contract roles both down 66% and 56% Year on Year and 14% and 17% Month on Month, respectively. It’s clear that decline seen in previous months continues however, there is some room for optimism with perm placements up 19% Year on Year.
Another negative month for new job growth across hiring for professionals in the UK. Average figures for the month of April when compared with the first 16 working days of March (pre-lockdown), show that new vacancies for professional contractors were down by 16%. Permanent roles were down by 52%.
This is the first COVID-19 special report from APSco. The impact of COVID-19 on the UK Staffing & Recruitment sector has begun. While not all sectors have been affected by the reduced demand for new jobs to the same extent, indicators like daily Job and Interview metrics are down across the board.
After a huge seasonal uptick in demand for perm vacancies at the beginning of the year, these figures levelled out in February, with both perm and contract vacancies dropping 8.6% and 7.4% MoM, respectively. A drop in contracts revenue is linked to IR35 regulations, but the soft approach by the government should result in a bounce-back.
Over the past year, I’ve spoken with over 150 recruitment CEOs across the world to ask, how do you grow a successful staffing firm? Despite them working across vastly different industries, it was universally accepted that success hinges on four primary assets.