King Recruit’s Half-year Update
As we pass the halfway mark of 2018 King Recruit is delighted to report that we are experiencing our best year yet. We have significantly built our client base to include some of the fastest growing businesses in the South West and placed some of the region’s top talented professionals.
Building on the success of Q2, Q3 looks set to be just as promising with no signs of slowing down! Our client base includes companies in Technology, Manufacturing, Financial Services and Property and we are confident that the microclimate within the Southwest will continue to thrive beyond Brexit.
If you’re not already engaged with us on head-hunting check out one of our latest blogs The Top 5 benefits of engaging a Head Hunter
News from the South West
Princess Yachts have been the subject of many a news article recently. They have increased production volume by 30% and will look to make about 300 yachts this year. They have confirmed they are looking to launch 6 new models as annual revenue grows.
Eight Technology is the first company to have signed to move into the ‘grow-on’ buildings at Exeter Science Park to accommodate its expanding team. The company has recently enjoyed rapid growth and knew Exeter Science Park would be the ideal location for their growing workforce.
The Southwest is expected to get a £41m boost from an initiative which sees local communities forming partnerships with Openreach to bring high speed fibre broadband to rural homes and businesses, the initiative will be worth more than £41m to the region over the next 15 years.
From the Office for National Statistics – Employment figures in the South West:
- For the three months ending April 2018, the highest employment rate in the UK was in the South West (79.4%)
- For the three months ending April 2018, the lowest unemployment rate was in the South West (both 3.3%).
- For the three months ending April 2018, the lowest economic inactivity rate in the UK was in the South West (17.8%).
- The lowest average actual weekly hours worked, for the 12 months ending December 2017 was in the South West at 31.2 hours. In short, we may work shorter hours, but we have the lowest economic inactivity rate and the highest rate of employment, no wonder the South West job market is inundated with relocators, it must pay to be beside the seaside!