How can we forget the recession that caused massive shrinkage in the industry and led to many becoming unemployed? It was a period of great financial instability and uncertainty. Today, about 7 years later we can actually look back and say that the UK economy is bigger than ever before! So how can you keep your recruitment business on top.
According to statistics released by the REC, the professional body for recruitment, the economy grew by 0.6% in the last quarter in 2015. The employment rate is at 74.1% and it is the highest it has been in the UK.
With that being said, both the economy and industry will continue to experience growth. However, the recruitment industry (like any other market) is dynamic; continues changing and market fluctuations are to be expected. Despite all the changes, how do you keep your recruitment business on top? And how can you take advantage of the growth, while positively responding to the current market trends?
- Keep the vision alive
- Keep track of the economy and trends
- Keep the traditional recruiter out
- Keep young people in the business