Puzzled by productivity? Look to recruitment

Recruitment Industry Benchmark's new Index.

Politicians grappling with stagnant UK productivity should look to the recruitment sector. Recruitment agency productivity rose in 2019, despite static staff numbers.

Last year the average recruiter had 0.2% fewer team members than in 2018, according to the median recruiter in the RIB Index across 2019. Despite this small fall, however, productivity levels increased by an average of 2.3%, measured by net fee income (NFI) or Net Disposable Revenue (NDR). This was not driven by an increase in fee earners, since the proportion of non-fee-earning staff rose from 28.6% to 30.6%. Small shifts in the recruitment agency employee base can therefore affect productivity significantly.

Belinda Johnson runs employment research consultancy Worklab, and is Associate Knowledge & Insight Director of Recruitment Industry Benchmarking (RIB). The RIB Index provides bespoke confidential reports on industry benchmarks and trends. www.ribindex.com 

Upstart: Bumpy road ahead but Sonder drives support

Long anti-social hours, reports of people being paid just a few pence per package and the lack of

Transport & logistics 12 March 2020

Fair warning on IR35 preparation

The recently appointed Chancellor of the Exchequer won’t have taken up his new role expecting to

12 March 2020

Letters to the Editor: April 2020

Be thankful for a ‘soft landing’ for IR35

APSCo is writing in response to the news that t

12 March 2020