Recruitment Matters - September 2015

Issue 29 September 2015

RECRUITMENT MATTERS The View and The Intelligence

Savage Truths

Legal update and the IRP

Events and training

Recruitment talent, promoting the industry and planning for growth p2-3

Greg Savage predicts a golden age for recruitment p4

How to handle introduction fees and inside the IRP p6-7

Kevin Green’s IRP Awards tips and a new Member Directory p8

RECRUITERS ENJOY PAY BOOST SAYS REC SURVEY REC ‘Planning for growth’ survey finds industry on the up More than half of all UK recruiters and managers enjoyed a pay rise during the last financial year, according to new REC research. The REC’s annual ‘Planning for growth’ survey found 52% of consultants received an average pay rise of 4.9%, up from 3.7 in the previous year. The REC also predicts the UK’s recruitment industry will grow by 18% over the next two years, with the post-recession boom to continue.

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Chief executive Kevin Green says it’s a great time to be in the industry. “For business leaders, the focus has to be on attracting and retaining talented people so they can take advantage of the opportunities available. Our research describes what motivates recruiters, and it’s clear that it’s not just about pay – they want progression and the benefits of working in a meritocratic industry, as well as the social

and cultural perks,” he says. The survey also found 51% of consultants and managers were satisfied with their pay and reward, while 24% were dissatisfied. Companies whose staff are happy with their pay packet have seen an average of 7.5 staff leave in the past year, compared with 8.6 staff from those reporting dissatisfaction. The survey also drew on salary data from jobs website Indeed. Its VP EMEA

4.8% 3.7% Gerard Murnaghan says staff turnover remains a big concern for companies. “Skills shortages are already having an impact and as the UK economy expands we can expect businesses to come under more pressure when it comes to finding and hiring people. Never has it been more important for employers to attract quality candidates to the positions which help them drive revenue and growth for their businesses,” he says. For more information The ‘Planning for growth’ report is based on a survey of 750 consultants and managers. REC members can download a free copy at www.rec. uk.com/recsalary2015

www.rec.uk.com 11/08/2015 16:01