Kevin Green, CEO at the REC presented at Recruitment Leaders Connect: The Year Ahead on 8th March covering the following.
The success of the UK Jobs market
How to outperform the market
Identify the causes of labour, skill and talent shortages
The Engagement Engine: Strategies for Building a High-Performance Culture
The Changing Shape of Jobs Market and What This Means for Recruiters
1. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Kevin Green, Chief Executive
8th March 2018
2. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
In the next 40 minutes…
The UK jobs market & impending crisis
Macro trends “Future of Jobs”
What’s going on in recruitment
Recruitment models of success
Scale up campaign
How we can all win
3. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
The UK labour market
There are 32.3 million people in work with an
employment rate of 75.3 per cent, the highest
since 1971
There are 415,000 more people in work now
compared to a year ago
The unemployment rate is 4.3 per cent, the joint
lowest since 1975
There were 810,000 job vacancies
3.7m Jobs since 2010, Net 2.7m job growth
created in private sector
4. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Report on Jobs
Perm placements are increasing quickly
Quickest since August
Temp billings remains strong (59.4)
Demand for staff vacancies increase
Candidate availability continues to drop
Starting pay is increasing
5. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
JobsOutlook
Employer confidence in the
economy weakens
Employers are starting to feel
uncertain about making hiring plans
Those hiring are struggling to find
candidates
Employment growth will continue
but at slower rate then previous
years
6. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Labour, Skills & Talent Shortages Now Rife
7. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Talent Crisis
Flexibility Ageing Social Attitude
Post Brexit
Immigration
8. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Immigration report
2.2m or 7% of all jobs filled by
EU workers
But…
Hospitality has 500,000
Construction accounts for 33% of
jobs in London
We will need a pragmatic and
balanced immigration system
9. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Four Macro Trends
10. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
What creates value today and tomorrow?
- Brand
- Relationships
- Innovation
- Ideas
- Design
= People
11. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Artificial Intelligence
12. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
The Rise of the Robots
38%
of UK jobs
at risk or
10 million
13. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Job Polarisation
14. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
The 100 Year Life
• 3 phased life is dead
• Working for 60 years to
become the norm
• Multi-phased career
• The need to reskill and
learn is important in a
multi-faceted career
15. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
The REC’s Future of
Jobs Commission
16. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Recruitment Market
& Models of Success
17. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Recruitment Industry Trends
Total industry turnover was £32.2 billion
£4 billion from perm placements
£28.2 billion from temp/contract turnover
Recruiters helped 1million people into work
There are 1.3 million temporary agency
workers on assignment
More than 100,000 work in the recruitment
industry
We expect the recruitment industry to grow
by:
1.8 – 5.8 per cent in 2018
1.6 – 5.6 per cent in 2019
0.7 – 4.7 per cent in 2020
18. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Two Recruitment business models
Inch wide, mile deep
Low cost
Plus hybrid for Generalists
19. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Customer service profit chain
Employee
satisfaction
Customer
service
Customer
loyalty &
spend
Superior
financial
results
Candidate
experience
20. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
21. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
WHAT
HOW
WHY
The Golden Circle
22. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
23. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
sd
Low energy
Great attitude
“Spectator”
High energy
Great attitude
“High Performing
Team Player”
Low energy
Poor attitude
“Poor Performer”
High energy
Poor attitude
“Cynical”
Energy Investment Model
Attitude
Energy
24. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Scale Up Digital Workshops
Scale Up Masterclass
Scale Up podcastsScale Up In the Round
Scale Up Live
Scale Up Business Growth Seminars
Scale Up Research
Scale Up
25. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Scale Up podcast
episodes
26. www.rec.uk.comThe Recruitment & Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
We can all win if we ….
Talk the
industry up