Insight

Navigating recruitment challenges with Howden’s support

Published

27 November 2024

Written by

Howden UK Brokers Ltd

Read time

2 minutes

Written by Mathew Porter – Commercial Account Executive.

Right now, the UK recruitment industry is up against significant challenges as it adapts to an evolving Labour government, rising client and candidate expectations, and the complexities of running a competitive business. At Howden, we understand that these pressures can distract recruitment firms from their core mission, matching the right candidates with the right businesses.

To help you navigate these challenges, we offer tailored insurance solutions that safeguard your operations, allowing you to focus on delivering exceptional service to clients and candidates.

Key challenges recruitment businesses are currently facing:

Skills shortages

With a scarcity of candidates possessing the right skills, recruiters often face prolonged hiring processes and increased competition to secure talent. This not only impacts client satisfaction, but also puts pressure on internal teams.

Candidate and client expectations

Flexible working arrangements, competitive salaries, and comprehensive benefits are now expected by many job seekers. At the same time, businesses are looking for faster placements without compromising on quality.

Increased competition

Recruitment agencies are facing challenges such as counter-offers and client disengagement. Many clients are tempted by lower-cost competitors or in-house hiring efforts, requiring recruitment firms to continuously prove their value.

Operational pressures

Managing cash flow, navigating contractual disputes, and maintaining client and candidate confidentiality are ongoing concerns that can detract from strategic goals.

How can Howden help?

We can remove the insurance burden by providing comprehensive solutions and risk management strategies tailored to the recruitment sector, addressing the unique challenges you face.

  • Our authentic and thorough understanding of the recruitment sector allows us to offer bespoke solutions that address the unique risks you face
  • From cyber security to client contracts, we ensure every aspect of your business is safeguarded
  • We’re here to help you navigate claims and disputes quickly and efficiently, so you can stay focused on your business goals

At Howden, we believe that protecting recruitment businesses isn’t just about mitigating risks – it’s about enabling growth. By partnering with us, you can be confident that your business is in safe hands, leaving you free to focus on connecting candidates with their ideal roles and helping businesses build high-performing teams.

To learn more about our tailored insurance solutions for the recruitment industry, contact us below at Howden today.

Do you have an existing policy with Howden?

Got a question or query? Give us a few details in the box below and we'll get back to you. 

Our Website Terms and Conditions and Privacy Notice includes information on the scope of our service and how we will handle your data.

CAPTCHA
7 + 10 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

What to do if you are experiencing financial difficulties

We recognise that the current economic conditions are putting pressure on many households and businesses. At Howden, we are committed to finding ways to assist our customers who may require additional support during these times.

If you’re currently facing financial difficulty, please speak to us about your insurance policies by:-

-contacting your Howden Service Team; 
-calling Howden on 020 7623 3806;
-using the Enquiry form.