Employers Respond to the UK Skills Shortage
The latest survey of 600 employers by the REC (Recruitment Employment Confederation) shows that 42 per cent who have had difficulty recruiting candidates have increased the salary on offer to attract the desired calibre of candidates. 80% of employers who advertised their roles directly and did not receive the desired response decided to readvertise again in the hope of more success. 24% decided to lower the specification of the role to try and attract more of a response. Despite these measures, 22 per cent of employers plan to increase permanent headcount in the short to medium term and 12%-19% of employers plan to increase temporary agency headcount in the short and medium term respectively.
Further reading can be found at https://www.rec.uk.com/news-and-policy/press-releases/employers-up-pay-to-compete-for-candidates-rec
Record Employment Levels
Allied to the above news, it has been revealed that Employment in the UK rose to 31.84m in the three months to December 2016 and unemployment stayed at similar levels at 1.6m. The unemployment rate is it’s joint-lowest rate in 11 years while employment was at record high levels of 74.6%. This shows that many companies are not worried about the current economic conditions in the UK and the possible future implications of Brexit. The impact of Teresa May’s decision last week to call a general election on 8th June 2017 will also be closely monitored in the coming months.