Recruiters are a resilient bunch. Recruiters are swapping sectors in a heartbeat, automating the admin with recruitment CRM software, and cutting costs back to the bone – something they thought they’d already done, but with more uncertainty comes a new level of enthusiasm.
Current market challenges
It’s going to be tough in the years ahead for recruiters. We’re all aware of what’s going on out in the world and how that’s affecting us.
The Russian invasion of Ukraine has been followed by international sanctions imposed to stop the war. The supply disruptions have been felt sharply, particularly with the crippling rise of energy costs. According to World Bank, the Europe and Central Asia region will receive the full force of the economic dishevel. Additionally, China’s ongoing Zero Covid policy also prompts concerns about the economy and global supply chains due to the sharp fall in exports.
But not all is doom and gloom
According to the latest REC job report, hiring intentions have increased despite the expected downturn.
Certain sectors such as healthcare and tech have a high demand for staff.
And whilst labour shortages have been a huge concern, the government has understood the need to address the escalating talent gap. With recent adjustments to UK immigration rules, we can expect these changes to facilitate easier routes for top international talent to come to the UK as well as for businesses to sponsor skilled candidates from abroad.
Recruiters should not think of themselves as recruiters – they should think of themselves as business owners who do recruitment. And coming recession or not, recruiters must expect downturns every 10-15 years, as a natural part of the economy cycle. Therefore, smart recruiters should be prepared not only for the impending storm, but for any future storms down the line.
They should make wise investments, and get strategic insights into their businesses to make informed decisions, whilst ensuring they have the right tools to continue delivering excellent service and maximise client retention.
The recruiters I talk to are taking this moment to make smarter business decisions – investing in the right people and the right recruitment tools. Many are already spotting opportunities and strategizing so that they are ready to execute the best business plan.
People are key to any business. Companies will hire experienced recruiters with deep knowledge of their sector to find the best talent for the role. And without a doubt, recruiters need the technology to help deliver their client’s expectations. Whether it is to reduce admin work or keep up with evolving compliance checks, smart recruiters use recruitment software to get more done with less effort.
Don’t sit back and wait for things to pick up.
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Article by Paul.Thompson@IkiruPeople.com
Paul Thompson is Sales and Marketing Director at Ikiru People. Having worked in recruitment and technology for over 25 years, Paul and his team have helped deliver solutions to recruiters that allow them to work faster, smarter and with less pain. Paul prides himself in offering the best service and advice during the sales process and is the driving force that has taken Ikiru People to its current position as a leading industry supplier, offering an extended range of support and consultancy services that help recruiting teams stay ahead of the competition. Paul lives with his wife and two children in Berkshire.
Voyager Infinity and Voyager Mid-Office are software solutions that make Recruiters’ lives easier. Voyager Infinity is a CRM used by thousands of recruiters globally to source, nurture and maintain the relationships with their clients and candidates, and Mid-Office manages the entire Pay and Bill process (IR35 ready).