Introduction
With almost half a million startups launched and registered in the UK in 2023, and these numbers are expected to increase at a phenomenal rate in 2024, the demand for temporary recruitment will rise incredibly.
If you are operating a temporary recruitment agency in the UK, 2024 is a promising year full of lucrative opportunities for you. People’s mentality has inclined towards commencing their startup along with temporary work.
It gives them freedom over permanent jobs to grow their startup. It will positively impact temporary recruitment growth in the UK. However, several factors will affect temporary recruitment in the UK apart from individuals’ preference towards temporary work.
In this article, we will discuss six critical factors affecting temporary recruitment that you must be aware of. It is crucial for employers and job seekers to understand these aspects.
What is Temporary Recruitment?
Temporary Recruitment involves hiring employees for a dedicated timeframe to address short-term employer needs, fill vacancies for internship programs, or complete projects.
It is highly preferred in restaurants, hospitals, schools, and manufacturing, where workers with specific skill sets are needed to fill staff shortages for a shorter period.
It gives temporary employment-seeking individuals work and employers’ committed workers to fill their vacancies.
Importance of Temporary Recruitment
Temporary recruitment is a strategic solution for businesses to manage their peak or seasonal periods of workload, fill staff absences, and execute short-term projects without binding workers to long-term commitment and permanent recruitment.
Because of its agility in staffing, it is highly preferred by several industry verticals to quickly adapt to fluctuating market demands and efficiently complete their projects within a dedicated timeframe.
Employees prefer temporary recruitment to get exposure to working in numerous industry verticals, gain extensive experience and rich expertise, and, most importantly, pursue their passion.
Factors Affecting Temporary Recruitment in the UK
After a fair understanding of temporary recruitment and its importance, we will delve into the six critical factors affecting it in the UK.
1. Economic Trends
The country’s dynamic economic climate is the foremost aspect significantly impacting temporary recruitment, fluctuating upwards and downwards.
During deflation, businesses prefer hiring temporary workers to manage their overhead costs and operations in this slump phase.
In contrast, businesses aim for scalability and recruit temporary staff to foster their operations during growth periods before planning for long-term staffing solutions.
2. Legislations and Regulations
Another factor affecting temporary recruitment is the UK’s evolving legislation and regulations. For instance, the country’s government has planned a hike in the minimum wage rate of temporary workers from 2024 onwards.
It will see employees shifting their preference towards temporary employment and pursuing their dreams side-by-side.
Moreover, legislation changes, such as the introduction of new policies or rights for temporary workers, updates in employment contracts, and related events, influence business decisions for temporary staffing.
3. Technology and Automation
The country has witnessed the impact of technological advancements on several industry verticals, and temporary recruitment has seen the magic of automation speeding up their mundane, time-consuming, and intricate processes.
The innovation of intuitive, cloud-based temporary agency recruitment software has empowered temp agencies to meet the varying staffing needs of their clients.
With automated invitations to candidates about seeking their confirmation for shift availability and sending automated confirmations to businesses about employee availability, it saves significant time and effort for your recruiters.
It retains existing candidates and clients and drives new ones to earn considerable revenues and solid credibility.
4. Industry Demand
The next factor affecting temporary recruitment of sectors like hospitality, healthcare, manufacturing, education, and retail is the seasonal demand for temporary workers to meet the high workload.
The best way to keep up with the varying industry demand is to adopt technological innovations, such as temp agency software, which provides data-driven insights to make informed decisions.
5. Changing Work Patterns
Another aspect affecting temporary recruitment is the proliferated demand for flexible work arrangements, accelerated by the gig economy, which has given employers access to a vast pool of skilled workers.
Individuals benefit from working temporarily on a project-to-project basis and flexible work models rather than traditional full-time employment.
6. Diversity and Inclusion Initiatives
Lastly, the crucial factor affecting temporary recruitment is businesses’ commitment to diversity and inclusion. In the modern era, several industry verticals are recognising the significance of creating diverse temporary workforces to amplify their innovation and ingenuity.
This move is propelling temporary workers’ demands from underrepresented backgrounds and giving them opportunities for temporary employment.
What is the Future of Temporary Recruitment in the UK?
After having a firm clarity on the factors affecting temporary recruitment, you will have an idea about its future in the UK. With businesses prioritising flexibility and adaptability to stay updated with evolving legal regulations, temporary job roles will be integral in the upcoming years.
It means the future of temporary recruitment agencies is promising as they will have substantial candidates approaching them for temporary employment.
Also, businesses will be contacting agencies to seek temporary workers. Hence, it is paramount to focus on managing candidate booking, client management, invoice and payroll processing, and other recruitment process aspects.
As we mentioned, the best way is to adopt technology-driven innovations, such as temporary recruitment software in the UK.
It will simplify your intricate, time-consuming, and manually performing tasks by automating them to enhance user experience and augment your agency’s goodwill in the local market.
Conclusion
After reading the article, you will have fully comprehended temporary recruitment in the UK, its importance, its future in the UK, and the factors affecting it.
By considering the information provided in the article, you can make strategic moves and informed decisions about your approach to growing your agency in 2024.
Also, individuals seeking temporary employment will have a comprehension of the temporary recruitment landscape in the UK and how it will benefit them.
Nonetheless, do consider our suggestion to invest in temporary recruitment software to yield its astonishing benefits and stay aligned with economic trends, legislations and regulations, industry demand, changing work patterns, and diversity.