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Those that have stayed in or are now reentering the HOT have done very well indeed in this respect. Conclusion and outlook Last year we suggested that the recruitment industry might slow its expansion further and look to improve the productivity of previous hires. This has indeed occurred on the evidence of this HOT analysis.
The HOT profile has also changed a little this year, with notably fewer dedicated permanent recruiters but a definite rise in those recruiters cutting their cloth in both directions — perm and temp. Meanwhile, on aggregate it has out-performed the wider market with gross margin held firm but there is a hint of further slow erosion of the temporary margin as evidence suggests that perm business on aggregate looked to be slightly stronger in , driven by a first half recovery ahead of the EU Referendum.
It suggests that in future fewer new heads are needed to expand business levels and this will be cemented by further improvements in staff training and professional development.
Only Professionals increased their headcount and productivity. Cuts in staffing still ensured increases or, at worst, unchanged productivity from ETS and the Public Sector categories, while Technology excelled with careful management of headcount to ensure full translation of fee gains into GPH.
Nevertheless, there remain challenges beyond the control of this industry… The rapid response from the Bank of England last year to counter recessionary pressures post the EU Referendum may have helped to sustain economic growth, albeit somewhat lower than pre-Referendum forecasts. If it were possible to put aside the Brexit issue — both its economic and mobility of labour impact — and consider other influences on recruitment, demographics and technology loom large.
Each offers opportunities and risks. Demographics is still tied up with EU mobility — the ability to tap into the wider pool of talent has muted the effects of an ageing workforce in the UK but this will be affected by recovering EU economies retaining more of their own talent and by any agreement on migration.
Technology is a many tentacled creature — AI, automation and disruption will all play a part in the future of the global economy and the world of work, and recruitment companies need to adapt their strategy both to lead and innovate where possible and best fit elsewhere.
The trends outlined in this report formed the baseline for the recruitment industry as it entered and now attempts to seek visibility going forward. The economic and political backdrop remains challenging, particularly in the UK, and industry constituents will need to bring all their strategic skills to bear if they are to achieve continuing growth.
With these well documented obstacles combining with the structural changes in society, technology and mobility it is hard to imagine few companies better than many of those in the HOT capable of meeting the challenge. Nevertheless, there remain challenges beyond the control of this industry outweighs the threat of recession.
That may be seen as one better signal amidst a mixed digest of economic indicators. So much of the future economic and workforce landscape remains hinged upon the outcome of the Brexit negotiations and those talks are themselves dependent upon a politically weakened government and how receptive are the EU Without your support it would have never happened.
The success of the exhibition meant the project exploded around the world. We were being inundated with guys submitting themselves for the project, from Brazil to Russia to Australia.
I knew I needed to expand on the London exhibition in some way, but wasn't sure in what format it would take. Then, when making the music video film I began thinking it made more sense if the music video was actually a trailer to an art book - as loads of people wanted a book version of the exhibition - it totally made sense! Here is the trailer: If you download the book here on Kickstarter, you will be the first people in the world to receive it - as it will be dispatched to you and timed to arrive at your door the day of the launch on the 3rd September!
But the reality of actually shooting guys wasn't something I'd really considered!
We had collected a network of participants from across the world there was a huge number of American guys who connected with the project and loads of Europeans who where prepared to fly over to London to be involved.
Amazingly, we received some funding from an angel so we were able to travel to NYC and LA and shoot over 30 new additions to the project. Upon our return we then shot another 30 guys from all over Europe, in London.
We have now shot 60 new people over guys in total including most of the top ginger models in the world, actors, athletes and musicians.
The project is huge, and global. It has been a massive undertaking to get to this point. One of the hardest things for me now is choosing the one best image to use of each model. It's a process only I can do, and it's very time consuming. I have a real emotional investment with each guy and for the project as a whole.