Job Flow Index – Firefish Software – July 2024
Job Flow Index
The monthly Job Flow Index analyses recruitment statistics and industry trends to provide recruitment agency leaders with insight into market conditions.
Recruitment Overview
The volume of jobs created and placements made reached the highest level of the year in July. Following a suppressed June there has been a resurgence of job creation, adverts being posted, and placements being made; with almost every specialisation experiencing month-on-month growth.
In July:
– The total volume of placements increased by 34%.
– The volume of jobs created increased by 15%.
– Temporary & contract placements increased by 40%.
– Permanent placements increased by 11%.
The increases in July match a steady growth pattern throughout the year, which was interrupted in June as the market slowed down in anticipation of the election. When compared to July 2023 however, there has been significant growth across the board and placements are 11% higher year-to-date.
July has been a strong month for recruiters with the average revenue per recruiter increasing by 49% against the suppressed figures in June.
With the number of job adverts being posted and the number of new jobs being created peaking for the year so far in July, August is likely to remain strong.
