Ep 22: Looking ahead to 2023: Where do the opportunities lie for recruiters?

Guest speaker: • Kate Shoesmith, Deputy CEO, REC Our latest Recruitment Industry Status report (RISR) demonstrates the huge role recruitment and staffing firms have played in driving the recovery from the pandemic. Our industry made 22.4 million temporary / contract placements and 540,000 permanent placements in 2021. However, ongoing skills shortages presents a big challenge for our economy, and could constrain growth. Our Overcoming Shortages report predicts that, without a strategy to address growing labour demand, UK GDP would fall by between £30 & £39 billion a year from 2024. In addition, we are in the midst of a cost-of-living crisis and one of the most turbulent periods in UK political history. But the outlook for 2023 isn't all gloomy, and the opportunities are out there for recruitment consultancies that get it right. So, what does it take to overcome the ongoing challenges and stand out from the crowd? Our final podcast of 2022 takes you through some of our predictions for next year - backed by our own research, member feedback and intel gathered from countless meetings and discussions with key stakeholders over the year. Tune in as we take you through: • A deep dive into REC's research data and what it tells us about clients' appetite to hire • What should be at the top of the government's 2023 agenda, to drive pragmatic change in our industry and combat skills shortages • Predictions for opportunities in 2023 and key drivers of growth • How can recruiters and recruitment leaders set yourselves up for success next year • What should recruiters champion in 2023? Useful links: Download our Overcoming shortages report: https://www.rec.uk.com/our-view/policy-and-campaigns/labour-shortages/overcoming-shortages-creating-sustainable-labour-market Download the Recruitment Industry Statement Report: https://www.rec.uk.com/our-view/research/recruitment-and-industry-status-report/uk-recruitment-industry-status-report-202122 Download the futureproofing guide https://www.rec.uk.com/recruiters/business-support/futureproof-your-recruitment-business