Market Update – where WERE we, where ARE we and where are we HEADING?

We find ourselves in a strange place at the moment, whereby the market is beginning to thaw however the more senior end is proving a little more static. Much like the property market, until someone ‘jumps’ then not a great deal is moving. One thing for sure is that candidates are both regaining the confidence to dip their toes into the water and / or are now satisfied that they have successfully guided their businesses through the recession and have reached a point whereby fresh opportunities are proving tempting.

Our experiences are echoed by data published by ‘Indeed’, who highlight that HR job postings decreased by 22% from February 2012 to February 2013. However, the last month has demonstrated a 9% uplift in HR roles further supporting our own conclusions that the market is indeed picking up.

On the whole, the recruitment industry has grown by 4.3% to £25.7 billion (for the financial year ending 2012) and further good news now shows that it is forecast to exceed its pre-recession peak of £27 billion by the end of 2013/14 (REC). Much of this progress is attributed to the growth of the flexible labour market, which has seen increases of 5.4% in temporary placements. However, the same cannot be said for the trends in the permanent market which has experienced an 8.9% reduction (REC).

This year we can expect to see…

  • A continued rise in cloud-based services and SAAS, making HR more efficient and systems more scalable
  • HR functions becoming more aware of process outcomes and metrics. Much like Resourcing, other areas of HR are focusing more on tangibly measuring the outputs of their service in relation to the strategic vision of the business
  • Businesses putting less emphasis on job boards and becoming more creative with their sourcing strategies
  • A greater focus on mobile recruitment – 1 in 5 of all job searches are conducted on a mobile device, however 94% of all FTSE 100 businesses don’t have an optimised careers page (web-based-recruitment.com). 65% of readers will be accessing this on a mobile device, are you one of them?
Oasis HR

Written by , Network Driven HR Recruitment

Oasis HR is a multi-award winning HR Recruitment Agency based in London that delivers Contingency and Search services within the Human Resource and Business Change Markets. Our client base encompasses all industry sectors and we have a proven track record of delivering permanent, interim and temporary professionals at all levels across all HR disciplines. From a £20k HR Administrator to a £200k HR Director, Oasis HR is well placed to identify, approach and secure the best available talent in the market

Contact Oasis HR:
info@oasishr.com
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One Response to “Market Update – where WERE we, where ARE we and where are we HEADING?”

  1. charlesfiddespayne

    All four predictions are spot-on if what my clients are trying to do is anything to go by

    Reply

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