UK recruitment industry status report 2023/24
Recruitment industry status report
The recruitment industry contributed £44.4 billion to the UK economy in 2023, accounting for 1.8% of the UK’s Gross Value Added.
Welcome to the REC’s Recruitment Industry Status Report for 2023-2024.
Every year we survey REC members across the UK to bring you the latest figures for the value and size of the staffing industry and the number of people we place into work.
2023/24 has undoubtedly been a challenging year for the UK recruitment industry. Faced with economic pressures, political uncertainty, and the rapid pace of change in the world of work, we've had to navigate a constantly evolving landscape.
Yet, as we close out the year, we see reasons for hope as clients start to feel more confident. The market has always been tough but it will swing back, as it always does.
Michelle Mellor Chair, REC Board.
Download the insight today.
PDFThe prestigious Recruitment Industry Status Report (RISR) 2023-24 is now available for purchase by non-members.
The report enables experts like you to drive your business growth through market intelligence and expertise, whilst equipping your recruiters with insights they need to highlight the value they add to the recruitment process.
Not a member?
REC Members can log in now to access the report for FREE.>
Key findings
- In the recruitment industry while 41% currently already use AI for recruitment, another 30% express intentions to adopt these technologies within the next year. However, around one in four (26%) do not plan to implement AI in their recruitment efforts.
- The recruitment industry contributed £44.4 billion to the UK economy in 2023, accounting for 1.8% of the UK’s Gross Value Added (GVA).
- £10.5 billion (23.6%) was achieved through permanent placement activity.
- £33.9 billion (76.4%) was achieved through temporary/contract placement activity.
RISR 23/24 Toolkit REC member exclusive
As an REC member, you can unlock our bespoke toolkit designed to help you use data and insights to highlight the true value of recruitment partnerships. This comprehensive toolkit will give you the suitable formats and charts you need to demonstrate to your clients the invaluable support you offer effectively.
RISR 23/24 Toolkit
DownloadShare this article