Why recruitment agencies will be key players in assisting economic recovery

Alan Herrity  | June 30, 2020

By Alan Herrity  | June 30, 2020 | Recruitment

Why recruitment agencies will be key players in assisting economic recovery
I mentioned before that what I love most about the recruitment industry is the ability to have a positive impact on someone’s life. Both myself and my teams have placed thousands of candidates over the last twenty years.

Some people who have worked for me now run their own recruitment businesses and I am proud to have played a part in their personal journeys. I have always aimed to be recognised by clients and candidates as someone who is a hardworking who listens and offers both realistic and innovative solutions to recruitment.

Globally recruitment agencies have and will continue to assist the economy. We will also assist the economic recovery. A company named FTI Consulting published a report in May regarding how agency workforces will assist the Economic recovery in Australia.

Here are some of the things that I took from the report:

Australia’s agency workforce comprises more than 350,000 Australians who are employed by nearly 9,000 agency staffing firms to support client businesses.


Agency workers provide a vital support to business and the economy, enhancing flexibility and productivity by providing specialist skills as and when they are needed.


Businesses that draw on agency workers during the economic downturn and recovery are likely to achieve greater productivity and accelerate faster out of an economic downturn. Agency staffing firms can assist displaced workers to transition back to permanent employment in a recovering economy, without losing the protections of workplace laws. Using agency staffing firms to support displaced workers and businesses in the early stages of economic recovery is likely to stimulate additional production of almost $1 billion over the course of the economic recovery. This has the potential to reduce the impact on the Australian Government’s budget position by almost $200 million over the recovery through reduced JobSeeker payments and increased tax revenues.


Facilitating this employment transition for currently displaced workers is likely to produce several significant benefits to the economy. These include:

  • Reducing the level of unemployment.
  • Increasing wages earned by individuals above any JobSeeker rates.
  • Reducing the costs associated with Centrelink payments.


The agency workforce plays a vital role during times of structural and cyclical economic change, where a significant level of churn in employment is experienced. International evidence, historical data and consultations with industry experts suggest the agency workforce has previously played a significant role in managing through the predicted economic downturn and supporting the subsequent economic recovery. During the recovery, it is anticipated there will be significant growth in the labour market in line with previous recoveries, but there will be additional pressure to redeploy talent reflecting the structural adjustment and churn in the economy as well as faster-growing sectors.

Having worked through the aftermath of 9/11 and the GFC on the job market, I have seen and witnessed quite a lot. I think that this has prepared me for the road ahead and whilst this is still ambiguous and uncertain I am confident that recruitment sector globally will be an active player in the economy and helping to transform millions of careers and businesses.

Read the full FTI Consulting Report here

Alan Herrity

By Alan Herrity March 17, 2026
Case Study - Test Director - Core Banking Migration
By Alan Herrity March 17, 2026
Case Study - Process Architecture & Governance Leader
By Alan Herrity March 17, 2026
Case Study - PMO Director – Confidential Initiative
By Alan Herrity March 17, 2026
Case Study - Program Director – Core Banking & Operations
By Alan Herrity February 4, 2026
Case Study - Innovation and Accelerated Delivery Director
By Alan Herrity February 4, 2026
Case Study - Director - Enterprise Testing
By Alan Herrity February 4, 2026
Case Study - IT Director – Application and Technical Services
By Alan Herrity January 16, 2026
Case Study - Program Manager, Data Centre Exit Program
By Alan Herrity January 16, 2026
Case Study - Senior Manager, Enterprise Data
By Alan Herrity January 13, 2026
Appointing Interim Program Leaders Early Shapes Better Outcomes Organisations rarely struggle to agree which programs matter. Where they often struggle is deciding when to bring a senior delivery leader into the conversation. Recently, an Executive asked me for advice on how to structure and resource a critical program of work. The organisation is still at an early stage. The business case was being drafted, funding discussions were ongoing, and there was understandable desire to ensure success. The question wasn’t about whether leadership was required. It was about timing. My view was clear: the right Program Director should be involved as early as possible to help you shape success. The risk of waiting too long In some programs, senior delivery leadership is introduced once funding has been approved and the initiative is formally underway. By that point, key decisions have already been made. Assumptions have already been made; Timelines, budgets, and benefits are often framed around optimism rather than delivery reality. When a Program Director joins at that stage, they inherit constraints rather than help shape success Their role becomes one of mitigation rather than design. This is rarely intentional. It’s usually driven by a desire to control cost or avoid “over-engineering” too early. But in practice, delaying leadership often creates the very inefficiencies organisations are trying to avoid. What early hiring enables Bringing an experienced Program Director in early changes the nature of the conversation. Instead of planning in isolation, organisations benefit from delivery-informed thinking at the point where it matters most. At an early stage, the right interim leader can help: Shape a credible business case grounded in what is realistically deliverable. Clarify the level of funding required and the benefits that can genuinely be achieved within that investment Define the team, skills, and capability required to deliver, rather than retrofitting roles later and potentially blowing out budgets which were incorrect in the first place. Identify the organisational change impact early and work with the change practitioner/team to ensure success. Why interim leadership is often the right choice For many organisations, this level of program leadership capability doesn’t exist in-house, particularly for niche initiatives. Even where strong leaders are available, they are often already committed to existing priorities. Interim Program Directors offer a practical alternative. They bring a wealth of expertise, sector-specific experience, and the ability to operate independently of internal politics. Importantly, they can focus on setting the program up for success without the land and expand model of the consultancy world. Used well, interim leadership at this stage is not an added cost. It is an investment in clarity, realism, and better decision-making. Shifting the mindset The organisations that consistently deliver complex programs well tend to share one characteristic. They involve delivery expertise early, before plans become fixed and difficult to challenge. They treat program leadership as a strategic design input, not just a delivery function. That shift in mindset often determines whether a program starts with momentum or spends its early phases recovering from avoidable missteps. A question worth considering If you’ve been involved in shaping or sponsoring major programs, you’ll likely have seen both approaches in action. When have you seen prompt hiring of an Interim Program Director materially improve the outcome of a program? And where has waiting too long made recovery harder than it needed to be? Those experiences are often where the most valuable lessons sit. Please contact Alan Herrity to explore this topic further.