Following the Christmas period (when the majority of organisations wound down their hiring and general business activity) we were prepared for a relatively slow January. How wrong could we have been! Our initial predictions of a ‘quiet’ start to 2013 (based on the wake of the Olympics last summer) were soon dashed when we returned from Xmas and were greeted by an influx of roles within the first few days alone. This apparent thaw in the market is great news for the economy and also for candidates who are looking for bigger and better opportunities as the New Year begins.
As ever, a fresh year sparks new resolutions and career goals, which if coupled to candidates’ growing confidence and openness to new opportunities points in the direction of a very active 2013. Whilst economists predict national growth of only 1%, HR Directors are clearly worried about their talent getting ‘itchy feet’ and report a fear of losing 20% of their top performers this year (Robert Half UK). Employers are going to have to work hard to reward the successes of their staff and increase engagement to ensure talent aren’t enticed into the arms of competitors.
In addition to the above, employers need to make career opportunities more flexible, as reports show that candidates are placing greater value on ‘smart’ working. Statistics illustrate that 46% of those in employment are either part time or flexible, with the majority choosing to work in this capacity. This proportion of workers is set to increase over the next year, with particular growth forecast for the demand in interim assignments. Respectively, we have built upon our historic track record of interim placements by launching a dedicated interim division and are looking forward to replicating the success experienced on the permanent side of HR recruitment.
Finally, one of the key trends observed in 2012 is that many of the larger organisations are taking their resourcing capabilities in-house and are investing substantially in growing their internal recruitment functions. The next few years present a ‘sink of swim’ environment for agencies, whereby differentiation in the market is crucial. Between 2011 to 2012, 11% of recruitment agencies ceased trading as a consequence of the tough economic climate, highlighting further need to stand out from the crowd. By continuing to operate as a network driven consultancy, we remain committed to expanding our business, growing the HR Think Tank Series and making great strides in the HR industry over the coming months.