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UK recruiters positive for 2018 but Brexit and GDPR concerns linger

A survey from Bullhorn has revealed that the majority of UK recruitment professionals have a positive outlook for 2018

The majority of recruitment professionals are anticipating an increase in company revenue this year, indicating a largely positive financial outlook for the industry, Bullhorn has revealed.

According to the new report released from Bullhorn overall confidence levels for industry performance are up, with a quarter of respondents feeling more confident about the future, compared to 10 percent this time last year.

While there was positivity, firms still noted several concerns about the industry for 2018, including looming political and macroeconomic developments. 70 percent said they were concerned with the future impact of Brexit, and 59 percent saying similar of the EU GDPR regulations.

Peter Linas, Bullhorn’s Executive Vice President of Corporate Development and International, said: “Recruiters should be optimistic about revenue growth, but they must be realistic: around a quarter of agencies say they actually fell short of their revenue predictions last year.”

“We will see strong hiring demand in 2018, especially in the temporary and contract markets. But to stand a chance of reaching their revenue goals, agencies must be prepared to defend their bill rates and margins against constant pressure.”

The report also revealed that more than half of respondents (52 percent) hope to increase their overall technology investment this year to improve client and candidate engagement, as well as become more efficient in performing their day-to-day activities.

Almost a quarter (22 percent) of recruiters rank existing contacts from a recruitment CRM as their best source of qualified candidates, while 59 percent rank it in their top three alongside other sources such as referrals from successful placements, job boards, and social media.

“It’s important for agencies not to delay in adopting technology that boosts efficiency and innovation. All too often the value of CRM technology is underestimated,” adds Linas.

“However, as the responsibility of client and candidate experience moves away from individual recruiters and becomes shared across every department within the business, it will become more important than ever before.”

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15 comments

  1. This is really a great stuff for sharing. Keep it up .Thanks for sharing.

  2. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “great article” in “comment_content” *]
    Its been a great article as it shares some good information regarding the recruiters of the UK.

  3. It is ture, The majority of recruitment professionals are anticipating an increase in the company revenue. In 2018 indicating a largely positive financial outlook for the industry.

  4. Although the UK is intending to exit the EU within the next few years, the GDPR will still have an impact. This demonstrates the reach of this EU Regulation beyond the EU

  5. It’s a good indicator that UK recruiter are have positive revenue after the Brexit . That means UK economy will grow faster again

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    This is nice post.It’s critical for organizations not to defer in receiving innovation that lifts proficiency and development. Thanks for sharing this blog.

  7. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “thanks for sharing” in “comment_content” *]
    Considering the recruiting professionals then there is a huge growth in the market because of these UK recruiters. Thanks for sharing with us.

  8. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “/how-to-” in “url” *]
    The report also revealed that more than half of respondents (52 percent) hope to increase their overall technology investment this year to improve client and candidate engagement, as well as become more efficient in performing their day-to-day activities.

  9. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “thanks for sharing” in “comment_content” *]
    Solid article, thanks for sharing the information and keep sharing more

  10. [* Shield plugin marked this comment as “0”. Reason: Human SPAM filter found “thanks for sharing” in “comment_content” *]
    I always like to post which have some motive your article has also a clear & identical motive. Your post is very Excellent I will also like to read your post thanks for sharing please keep informed such posts. We will see strong hiring demand, especially in the temporary and contract markets. But to stand a chance of reaching their revenue goals, agencies must be prepared to defend their bill rates and margins against constant pressure.

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