HR industry kicks off 2015 with a bang

  • Matt Gascoigne
  • 10/06/2015
  • 10:00
  • Adecco Group

It is an incredibly exciting time to be working in HR. Looking back over the first quarter of 2015, there has already been significant increase in demand for candidates and the sector is beaming with new opportunities.

From an employer’s perspective, we believe that a significant portion of this growth has been driven by clients relocating their operations outside of London. As a result, organisations need to boost their regional teams and recruit new talent, creating a demand for a broad range of HR professional roles including experts in reward and learning, as well as talent acquisition.

We have also seen an acceleration of the recruitment process in the first few months of 2015. It is currently now less than half of what it was at the end of 2014 when it was taking a staggering average of two months from job application to job offer. The current competitive market conditions have led to a decrease in the time it takes for firms to hire new staff as companies risk losing out on good candidates to employers who make quicker decisions. On average, HR candidates apply for two to three live roles at any one time meaning employers need to move quickly when it comes to offering and engaging candidates.

Companies not only recruit faster in the current HR market but have also started considering candidates from other sectors. Traditionally, HR hiring managers have preferred to employ candidates only from their respective sector, but the last few months has seen employers broadening their perspectives and considering particularly the sectors that have fared well throughout the recession. The sectors that continue to show good hiring prospects are financial services, fast moving consumer goods (FMCG), media, utilities and automotive.

The focus on high achieving graduates is another favourable consequence of the current market movement and increased demand. A significant increase in candidates entering the market has been observed at the start of this year with particularly significant increases in the technology industry (24%), the media (22%), and the property industry (18%).

It is clear that there is a greater sense of optimism in the current HR recruitment market than there has been for some time, and the market has started to show real signs of consistent growth. We are encouraged by the increasing number of vacancies being seen and a faster recruitment process and we are confident that these trends are expected to continue right through 2015.