UK Recruitment industry posts record returns

The value of the UK’s recruitment industry has surpassed its pre-recession peak, recording total revenue of £28.7 billion by the end of the financial year 2013/14, according to new research published by the Recruitment and Employment Confederation (REC).

Total industry turnover increased by 8.2% in comparison to the 2012/13 total, £26.5 billion, and exceeded the previous record high of £27 billion achieved in 2007/08. Growth in revenue was driven by an increased volume of activity and by a fall in the proportion of work conducted in return for low margins.

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