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5 minute read

46% of Recruitment Agency Leaders ‘Optimistic’ About 2021

We surveyed SME recruitment agencies across the UK to gather a picture of what the future looks like for the industry.

The results show a positive picture: Agencies are adapting well to the Covid-19 recruitment landscape and around half of agency owners are feeling optimistic about the next 12 months.

Some highlights from the survey:

  • Almost half of UK recruitment agency owners are optimistic about the next 12 months, and agencies of 1-5 recruiters are more optimistic than larger agencies
  • 40% of agency owners expect positive sales and 30% expect revenue to return to pre-Covid-19 levels as early as Q1 2021
  • 35% of recruitment agencies plan to increase focus in Technology sector, as Tech industry grows as a result of the pandemic
  • 32% of agencies are ramping up their Exec Search, as highly-paid roles are least at risk due to Covid-19.

It’s great to see things looking optimistic in the face of a challenging job market and redundancies being made nationwide.

SME recruitment agencies expect better results in 2021

optimism-graph-1The survey, titled ‘The Future of the UK SME Recruitment Industry’ reveals a more positive picture for smaller agencies.

Agencies with 1-5 employees were 6% more optimistic about the next 12 months and 6% more likely to expect positive sales growth (42% vs. 35%) than the rest of the market.

Overall, 30% of agency owners expect their revenue to return to pre-Covid-19 levels as early as Q1 2021. This is an indication that the recruitment industry has been the first to get hit, but will be the first to recover - a trend we’ve seen with happen in past recessions.

Adapting to the new recruitment landscape

The survey also painted a clear picture of how recruitment agencies in the UK are planning to adapt their business plans and models to suit the new landscape.

35% of agency owners are increasing their focus on the Tech sector as Technology businesses continue to grow in spite of – and even as a result of – the pandemic.

In light of the news that highly-paid jobs are the least at risk due to Covid-19, 32% of agencies are ramping up their Exec Search. Nearly half of all respondents plan to scale up their temp desks in response to changes in the job market too.

Click the button below to access your free copy of the report!

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About the Author: Sophie is a Content Marketer here at Firefish! After working as a 360 Recruiter she found her perfect niche here at Firefish writing about recruitment.

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