FMCG stands for fast-moving consumer goods. An FMCG company is any company that produces these goods. Well-known FMCG companies include Unilever, Nestlé and The Coca-Cola Company.

Examples of fast-moving consumer goods

The definition of FMCG is very broad - any items that are sold at relatively low prices and consumed relatively quickly may be considered examples of 'fast-moving consumer goods'. Most of the products in your local supermarket probably qualify.

Common FMCGs include:
  • Fruit and veg
  • Meat
  • Soft drinks
  • Dairy products
  • Bread and other baked goods
  • Toiletries (e.g. toothpaste, deodorant)
  • Alcohol and tobacco
  • Confectionery
  • Batteries
  • Some forms of medication
FMCGs are sold in high volumes at low prices and used up rapidly (as opposed to durable goods - such as cars, appliances and furnishings - which are purchased less frequently and expected to last much longer).



Challenges for FMCG companies

There's a lot of money to be made in the FMCG industry, but these goods tend to have a small profit margin and - in many cases - a short shelf life. This means that, in order to thrive, FMCG companies must strive to sell as many units as they can as quickly and as consistently as they can. This requires shrewd marketing (to get people to make an initial purchase) and high product quality (to keep people coming back for more purchases going forward).

Other challenges for FMCG companies include:
  • Extending shelf life of perishable goods
  • Reducing impact on the environment (e.g. from discarded packaging)
  • Keeping costs low enough to compete on price

Roles within the FMCG industry

The FMCG industry is very large and extremely varied, with all sorts of roles available for all sorts of different skill sets. Talented workers from STEM fields are highly sought-after in this sector, as these are the people who can help FMCG companies to:
  • Improve product quality / effectiveness
  • Drive down costs via technological advancements
  • Boost shelf life by delaying product expiration
  • Create more environmentally-friendly products and packaging solutions
The ingenuity, expertise and creativity of skilled scientists have long been crucial to the success of the world's largest FMCG companies, and there's no shortage of roles for gifted science/technology workers in this particular sector.


Image courtesy of pixabay.com

The REC’s new Compliance Test was launched in July 2012. All new members to the REC must now pass the test to become a full member and the test will be launched for the REC’s existing members in early 2013. Ricky Martin’s company Hyper Recruitment Solutions was the first to pass the test with an impressive score of 96%. The highest score so far from any recruitment consultancy.

The Compliance Test is an online test with multiple choice questions that assesses a recruiter’s knowledge of the REC’s Code of Professional Practice and key legislation. The test must be completed within a twenty four hour period and you can stop and save your work as you go along so, that you can also attend to any other urgent business whilst you are doing the test. The test is also customised so, that you only answer questions that relate to the type of recruitment business you run eg. if you only act as a temporary recruiter you will only have to answer questions that relate to temporary recruitment. There is a range of support mechanisms in place to help members pass the test and these include workshops, a webinar and access to a “training” test before you do the actual test, which gives you both a feel for the format of the test and types of questions.

The Compliance Test is not there to catch members out but is there to assess your knowledge, help you improve your knowledge and then for the REC to provide support and guidance where it is needed. The test also shows that you are not just buying the badge by becoming an REC member but demonstrating to your clients and candidates a commitment to compliance and professional standards.

We are proud to have Ricky Martin and Hyper Recruitment Solutions (HRS) on board with the REC not only as a new exciting company, but also as they aim to promote our goal of raising standards in professional recruitment throughout their network. We are confident in HRS’ ability to not just provide highly compliant processes but in delivering recruitment excellence. Hopefully by being the first company to pass our compliance test, this should speak volumes to all of the science and technology companies in HRS’ commitment to professional services.

Kevin Green (CEO of the REC)

REC

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