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Game changers for the recruitment industry in 2015
Last few years have been quite good for the recruitment firms with some massive shifts that secured exponential growth for this industry. Globally, the industry has earned huge reputation as well as profit by delivering exceptional services. A profound analysis of some data revels that the employment agency revenue grew at a rate of approximately 15 per cent in comparison with the previous year. This winning game is expected to go on in 2015 as well.
The dramatic growth has also been experienced by the temporary and contract staffing agencies. They also enjoyed highest revenue per recruiter in 2014. This growth is the outcome of roles played by many game-changers in recent years that are also expected to drive the trend in 2015:
Multiple job changes
Earlier, employees would switch jobs approx. three to five times during their employment years. However, the trend is experiencing a shift in the past few years. Employees are now expected to change jobs between five to ten times until they reach retirement. Subsequently, the demand for new talent has risen while a shortage of available talent has increased. This scenario has resulted in a ‘war of talents’, an issue that is expected to grow severe in the upcoming years.
Executive recruitment agencies Sydney also predict that this scenario will impact company airings. Companies who follow the practice of internal promotions to replace outgoing employees are also expected to battle internal movement due to shortage in talent thereby relying more on outsourcing recruitment to agencies.
Competition for top talent
Surge in the development of technologies has impacted the demand for top talent that in turn has affected digital world as a whole. The technological talents are being searched by the industry leaders to growth and succeed. Thus, both permanent and atypical employment relationships are given preference for the business growth.
Executive search firms are expected to benefit greatly for this development and recruitment shifts as employers are relying greatly on them to hire top talents and maintain a competitive edge to enable the same.
There is a strong relationship between economic conditions and executive search demand which is reinforcing year by year. This in turn is deciding the volatility of corporate decision-making in this fast pace world.
The economic factor has a great role to play in the significant growth of both temporary and contract Executive recruitment agencies Sydney which provide employers the flexibility to hire non-permanent staff during times of economic volatility.
Overall, candidate centric recruitment is in the trend and so employers are in the search for tools that enable this and so they rely on recruitment firms.