Recruitment Statistics - November 2024
Job Flow Index
The Firefish Job Flow Index allows you to explore recruitment statistics drawn from over 750 recruitment agencies.
Recruitment Overview
November signals the start of the seasonal downturn for the recruitment industry. In the past month, there has been a significant drop in job demand. While this is an expected seasonal shift, it has also been compounded by the release of the Government Budget, which has made businesses hesitant to hire. The drop in demand has clearly impacted placement volumes, but total placement volume remained 29% higher than the YOY comparison in November.
In November:
- The total volume of placements decreased by 17%.
- Temporary & contract placements decreased by 18%.
- Permanent placements decreased by 10%.
- The total volume of placements was 29% higher than in November 2023, led by a stronger temp & contract performance.
Whilst almost every sector experienced a decrease in placements in November, when compared against the strong October performance, two sectors did manage to perform against the trend.
In the Professional Services sector, permanent placements increased by 59%, achieving the second-highest volume of placements so far in 2024.
Temp & contract placements in the Blue Collar sector also achieved the second-highest volume of 2024.
The monthly Job Flow Index analyses recruitment statistics and industry trends to provide recruitment agency leaders with insight into market conditions.
Placements by sector
Permanent placements in the professional services sector increased by 59% in November.
This was the second-highest volume of perm placements in this sector so far in 2024.
Temp & contract placements in the professional services sector decreased by 25% in November.
Professional Services
Finance & Accountancy
Permanent placements in the finance and accountancy sector decreased by 20% in November.
Temporary & contract placements in this sector decreased by 50% in November.
Technology
Permanent placements in the technology sector decreased by 20% in November.
Temporary & contract placements in the technology sector decreased by 20% in November.
Jobs created and number of placements
The number of jobs created decreased by 17% in November. The total number of placements made decreased by 17%.
The total number of placements made in November 2024 was 29% higher than in November 2023.
The number of permanent jobs created in November decreased by 16%.
There was a 10% decrease in the number of permanent placements made in November.
The number of temp & contract jobs created decreased by 19% in November. There was an 18% decrease in the number of temp & contract placements made in November.
The total number of temp & contract placements made in November 2024 was 40% higher than in November 2023.
Permanent
Temp & Contract
Placements
Explore monthly recruitment statistics including agency placement trends. Compare jobs created to placements made and explore performance by sector.
Construction
Permanent placements in the construction sector decreased by 32% in November.
Temporary & contract placements in the construction sector decreased by 16% in November.
Engineering, Manufacturing, Logistics & FMCG
Permanent placements in the engineering, manufacturing, logistics & FMCG sector decreased by 6% in November.
Temporary & contract placements in this sector decreased by 2% in November.
Sales & Digital Marketing
Permanent placements in the sales & digital marketing sector decreased by 22% in November.
Temporary and contract placements in sales & digital marketing decreased by 20% in November.
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Blue Collar
Permanent placements in the blue collar sector decreased by 28% in November.
Temporary and contract placements in blue collar sector decreased by 20% in November.
This was the second-highest volume of temp placements in this sector so far in 2024.
Recruitment Marketing Statistics
Explore monthly recruitment agency marketing trends. Discover how different recruitment marketing strategies are performing.
Application Source
The source of applications for your agency's job is a good indicator of the strength of your agency's brand presence and candidate loyalty.
In November 34% of applications were made by existing candidates.
In November there was a 15% decrease in the total number of applications.
Job Adverts
This chart shows the number of new job adverts posted each month across all sectors and platforms. Multiple adverts can be posted per job, but this data indicates the volume of active adverts per month.
The number of job adverts posted decreased by 1% in November.
The number of quality applications per job decreased to 5 in November.
Quality Applications Per Job
Applications from re-engaged candidates
88% of applications from re-engaged candidates were generated by Job Alerts in November.
Candidate applications from web sources
61% of applications from web sources were generated by Job Boards in November.
Rob Samuel
IT Manager, IntaPeople
Spec CVs Sent
The sending of speculative CVs (when there is no formal role available) can indicate market confidence and business development activity. There is a clear correlation between Spec CV activity and the number of jobs created in any given month.
There was a 4% decrease in the number of spec CVs sent in November.
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