Portfolious

As we begin the second decade of the NORA’s, it’s worth reflecting on just how much the UK online recruitment sector has changed, grown and matured since our very first awards were presented.  Back in 2001, we were seeing the initial bloom fall from the cheeks of many online businesses.  The Dotcom Bubble, as it was called had inflated so quickly, that new online ventures were being formed every day, and often gaining investment on the basis of a “fag-packet” business plan.  By 2001, no-one was investing, and many companies, like BOO.com, had folded after burning through immense amounts of investment.  

Throw open the shutters, open the windows, and take the sandbags from the doors. The storm of recession has past, and we can all get back to normal. Perhaps not quite.According to the Office of National Statistics, the UK economy experienced growth of 0.1% in the last quarter, and unemployment unexpectedly fell by 7,000 in December. Now that the snow has cleared away, there’s nothing to stop us. These figures may be great for confidence, but there is much to overcome still in the recruitment market.