Recruitment of Panel Members
Who are the DMP Recruitment Team?
Our DMP Recruitment Team is based at the University of Nottingham. Since the DMP was established in 2016, our Recruitment Team has consisted of between 8 and 45 Analysts. These are mostly University of Nottingham students, however we also employ some graduates or post-graduate students.
In order to join the DMP Recruitment Team, applicants must pass a competency-based computer task and an interview. All Analysts are given full training before they begin calling companies, which includes:
- Project briefing: The history, aims, and uses of the DMP panel are fully explained.
- Equipment/data set training: Familiarising Analysts with our sample frames and data sets.
- Simulated recruitment: Typical phone calls and email correspondences with companies are simulated, so Analysts receive phone and email experience before contacting real companies.
- Support: All new Analysts are buddied with an experienced Analysts for their first shift at work. All colleagues have access to extra support throughout the project. Performance is monitored to ensure that Analysts maintain a high standard of professionalism and efficiency while working on the project.
What is the recruitment process for firms in our sample?
We begin with a sampling frame to ensure that our sample is representative of UK businesses (as recorded in the Business Register held by the UK government). We seek to represent firms according to the sector they operate in and their size measured by employees and turnover.
The companies on our panel are from a range of sectors and industries, with schools and charities included in our sample. To be eligible to join the DMP, firms must have operations in the UK, with a minimum of 10 employees.
We have been provided with a data set from Bureau van Dijk, which contains balance sheets, profit and loss information and other details of companies registered at Companies House. Our Analysts contact these companies via phone and email, seeking to invite the individuals with senior insight and decision-making authority over the company’s sales and prices, employment, and capital expenditure. Typically, this is the Finance Director or Chief Financial Officer.
When an individual agrees to join the DMP, they are sent a confirmation email which includes details about when they will receive their first set of DMP questions. Within our emails we include, an official invitation letter from the Bank of England’s Chief Economist, Andy Haldane; a FAQ’s sheet and a link to our DMP website.