London’s role as a bell-wether for the economy may mean that a recent surge in intention to hire permanent staff is an encouraging sign of what is to come in recruitment across the UK, which can contribute to upping productivity and economic growth, suggests the Recruitment and Employment Confederation (REC).
Running a recruitment agency is easy, right? You simply spend your days helping candidates take the next step in their careers, while supporting companies to find the top talent they need.
Firms are feeling more confident about their business and the economy, according to the Recruitment and Employment Confederation’s (REC) latest JobsOutlook.
New survey of 625 hiring managers reveals top recruitment trends in the UK and Ireland
We expect annual growth in compensation per employee in the euro area to rise to 5.0% in the second quarter of 2024 before declining further.
Survey highlights line managers and peers as the ‘unsung heroes’ of employee recognition.
Meanwhile, with immigration a hot topic pre-election, foreign interest in UK jobs remains high, but the roles these jobseekers are drawn to remain hard-to-fill, potentially as barriers remain in hiring overseas talent.
New data today reveals that 83% of UK businesses are willing to pay a higher wage to those with AI skills amid hiring challenges, with many moving their search away from full-time staff. 80% of UK businesses are planning to make new hires in the next 6 months, yet just over 4 in 10 have found finding full time, permanent new hires this year to be difficult.
Carried out in April and May 2024, the survey polled 625 UK hiring managers to uncover their expectations of job seekers on CVs and cover letters, including topics such as formatting, specific CV sections, skills, and red flags.
Consistent demand for workers has led the UK jobs market to settle at around 1.7 million job adverts, according to the latest Recruitment & Employment Confederation (REC) and Lightcast Labour Market Tracker.
UK unemployment has reached 4.4 per cent, with a cooling labour market and high wage growth set to plague the incoming government, according to the Office for National Statistics (ONS).
CIPD urges employers to focus on line management training and address underlying causes of conflict in the workplace
Demand for agency workers is set to grow as staff seek greater flexibility and employers back the fresh thinking and specialised skills that temps offer. As we head into an election, policymakers need to work with this trend to grow their economies, says the REC.
