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The UK recruitment industry has been impacted by a number of factors, including:
Economic recovery
The industry played a key role in the UK's post-pandemic economic recovery, with the market reaching £141.2 billion at the end of 2022.
Hiring activity
The market has been affected by a slowdown in hiring activity, with the value of the UK recruitment market declining by an estimated 3% in 2023.
Employer brand
Companies need to consider how they are perceived as an employer, including their culture, employee care, and career opportunities.
Technology
Technology is expected to play a big role in recruitment, with more specialised roles, AI, and automation.
Recruitment consultants
Salaries vary by location and sector, but typically include a basic salary plus a performance-related bonus or commission.