Debtor Days Continue to Increase

October

The latest information from the RIB Index, sponsored by Bluestones Group, shows that the median industry recruiter is still experiencing a rise in the average number of debtor days.

 

Set into historical context, the average median number of debtor days across 2014 was 40.2, rising to 42.4 across 2015 and 44.8 in 2016.

The sharp increase since Q4 2016, when it stood at 45.9, may be attributable to the significant recent increase in the number of clients invoiced by the median recruiter. It billed 11.0% more clients in Q1 2017 and 13.8% more in Q2 2017 than in the same periods last year. 
A notable 34.4% of clients were new in Q2 2017, compared to 32.1% in Q1 and 30.1% across 2016.

As market uncertainty is set fair to continue, the importance of benchmarking performance against other recruiters to maximise performance cannot be underestimated. 

Belinda Johnson runs employment research consultancy Worklab, and is associate knowledge & insight director of Recruitment Industry Benchmarking (RIB) – part of the Bluestones Group. The RIB Index provides bespoke confidential reports on industry benchmarks and trends. See www.ribindex.com; info@ribindex.com: 020 8544 9807. The RIB is a strategic partner of the REC.

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