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A once in 200 years recession, new borders, reimagined ways of working, and a dramatically transformed labour market - these are all challenges the recruitment industry takes in its stride.
Regardless of what the world around us has thrown at our industry, our industry stood tall and played our part in keeping the economy moving.
In fact, our latest Recruitment and recovery study revealed the true impact of our industry towards UK's economic growth:
- The recruitment industry supports £86 billion in gross value added (GVA) across the economy, equivalent of 4.3% of GDP.
- The jobs matched by recruiters support £29 billion in annual tax revenues, more than double the Government’s R&D budget.
- The recruitment industry increases UK productivity by £7.7 billion every year by improving the quality of job matching, putting the right person into the right job.
- One in five (19%) companies that use temporary workers say that they would not be able to operate at all without them, meaning that temporary recruitment agencies directly enable 3% of the economy, worth £61 billion in GDP.
Recruiters are going to be pivotal in accelerating our recovery. How do we achieve this common goal together? The success of recruiters will be critical to the jobs market bouncing back.
Our REC2021 conference is all about helping you lead the recovery - in your business, and for the wider economy. From optimising local opportunities post-lockdown to grabbing what's on the international market post-Brexit, this full-day conference will leave you equipped and inspired for what lies ahead.