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reedglobal.com

Founded Year

1960

Stage

Other Investors | Alive

About REED

REED is a recruitment company. It is a specialist provider of permanent, contract, temporary, and outsourced recruitment solutions, assisting job seekers and employers. It is based in London, England.

REED Headquarters Location

94 Chancery Lane Academy Court

London, England, WC2A 1DT,

United Kingdom

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Latest REED News

Job seekers have the advantage as vacancies continue to outnumber applicants, recruitment boss says

Jan 18, 2022

Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . It's a good time to be a job seeker according to the chairman of the UK's largest recruitment company. James Reed, the Chairman of The Reed Group, told Insider that amid the soaring number of job vacancies, data from the company's own job posting website shows that fewer people are applying for roles, which partly explains the labor shortages that many companies continue to experience on both sides of the Atlantic. In total, there were 3.3 million jobs added to Reed.co.uk in 2021, 1.5 million more than in 2020 and a "significant increase" on a pre-pandemic 2.7 million in 2019. However, Reed said that at the same time the number of people applying for roles had fallen. Citing figures from November 2021 for example — during which the website received over 300,000 jobs posts — each role received an average of six applicants. In November 2019, a role received an average of 13 applicants. "There are more jobs, but there are fewer people looking. That's either because they've already moved or because they're uncertain about moving," Reed told Insider. Lifestyle choices in response to the COVID-19 pandemic were partly driving what Reed terms the 'great flirtation', with high levels of burnout and large numbers of people being furloughed contributing to changes in people's approach to employment and job-seeking. More people are deciding they want to work more dynamically, reduce their hours or retire early , he said. Reed said that it's not entirely clear how long people could afford those lifestyle driven changes, because at the same time the cost of living is increasing along with rising interest rates, fuel prices and taxes. "There's a tension, isn't there, between sort of lifestyle choices and financial necessity," he said. Reed's data is reflected on a national level in the latest release from the Office For National Statistics, which showed total UK job vacancies reached a record 1.24 million between October and December 2021. Although the rate of vacancy growth is starting to slow — like in the US — the disparity between open positions and applicants shows signs of persisting into 2022, Reed's data suggests. There were over 32,000 jobs posted onto the site within 24 hours on the first working day of 2022. This is typically the busiest day for recruitment websites, but Tuesday 4, January was a new record. There are currently over 270,000 jobs listed on Reed.co.uk, a 10% increase on 2019, the company said. The pandemic will have long term impacts on the world of work There will be aspects of the current climate that will endure, said Reed. Companies and workers have realized the potential of greater flexibility and working from home, on both productivity and wellbeing. Are you looking for work, or delaying a return to work? Contact this journalist on  sjones@insider.com Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications

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  • When was REED founded?

    REED was founded in 1960.

  • Where is REED's headquarters?

    REED's headquarters is located at 94 Chancery Lane, London.

  • What is REED's latest funding round?

    REED's latest funding round is Other Investors.

  • Who are the investors of REED?

    Investors of REED include Absolute Ventures.

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