Recruitment Sector Survey - Life After Lockdown
The recruitment sector team at Saffery Champness, in partnership with the REC, has just completed its second survey relating to the impact of the Coronavirus pandemic on the recruitment sector.
The first survey, carried out as at 31 March 2020, found that:
- 73% of respondents predicted a fall in projected net fee income of more than 25% for the next financial year, compared with their original budget;
- Approximately 40% of respondents expected to furlough more than 60% of their staff;
- Almost 41% had introduced reduced hours and 44% were introducing pay reductions;
- Only 14% had started redundancy negotiations with staff as at 31 March.
The second survey re-examined the situation one month later, as at 30 April 2020, and also asked what steps recruitment business owners have been taking to be business-ready when lockdown ends.
To read the full survey results, click HERE