In this blog Toby Conibear, European Business Development Director, discusses the latest employment rate figures and the impact on the recruitment industry.
It was recently reported that employment rates have matched the record high seen almost a decade ago in 2005. With now more than 30.6 million people in work and unemployment rates seeing the biggest annual fall for nearly two decades – recruiters are having to fight harder than ever to beat the competition to the finish line.
On the latest figures Esther McVey, Minister for Employment, commented: “An important milestone has been reached in our country’s recovery. With one of the highest employment rates ever, it’s clear that the Government’s long-term economic plan to help businesses to create jobs and get people working again is the right one.”
Job vacancies in the UK economy are currently in the region of 650,000, so the future looks promising for those recruiters looking to match the perfect candidate to a role – but what tools are there to help make this happen?
Today we live in a society that is 24/7. Responses and actions are expected in real-time and the recruitment industry is no different. Luckily for recruiters, this is where technology can step-in.
With the vast amount of candidate information available online through social media, jobs boards and more, having the technology to connect all of your information and documents to a customer relationship management (CRM) system is only the first step. More important than ever before is having the right tools to effectively manage your recruitment processes. Smartly finding the best candidates, quickly making placements and earning the highest revenues – with top priorities being efficiency and taking the lead over competitors.
The recruitment industry is rapidly becoming more mobile enabled. Mobile can streamline the candidate experience, improve client relationships and transform the productivity of consultants – all beneficial when you have deadlines to meet. Timing is of the essence and utilising mobile technology to move candidates through the recruitment process in real time can be the difference between winning and losing the business.
So, with a busy remainder of 2014 ahead for recruiters as more candidates are matched with roles, is your business performing at its best?