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Employers 'keen to secure best graduates'
Monday, 10 November 2008
Graduate Job sector Reports
University leavers seeking top graduate jobs may take encouragement from new figures published by the Recruitment and Employment Confederation, which indicate employers are willing to pay more to secure the best job candidates.
Despite a drop in the number of permanent placements advertised between April 2007 and March 2008, turnover in the recruitment industry increased from £3.514 billion to £4.276 billion.
This 21.7 per cent rise showed that the average fee per placement increased, suggesting employers remain focused on acquiring the best graduates.
REC chief executive Kevin Green said there had been a "huge growth" in permanent recruitment turnover.
He added: "This remains the case even in the changing employment climate. The downturn is really putting the skills of professional recruiters to the test but at the same time, this is giving them a real opportunity to shine and show employers what they are really made of."
The REC estimates the UK recruitment industry to be worth £27 billion per year.