REC’s latest JobsOutlook report shows a number of trends in the recruitment sector, many of which we can underline this month, based on our own recent findings.
REC states that half of UK employers looking to recruit for permanent roles expect to find a shortage of candidates, but, despite this, their confidence to hire is at its highest for 12 months. We have seen a definite positive hiring mood in the last quarter, particularly within Finance, Accounting and Business Change & Transformation, with the most notable sectors for us being Media and Technology, where 45% of our placements have been in the last three months.
It clearly seems that our clients are still very much focused on growing their businesses rather than treading water in the current economic climate – a trend also noted by REC that employer confidence in wider economic conditions is also at its peak for the last year, which is great news.
Brexit is still causing uncertainty of course, and that is having a knock-on effect on how employers recruit. Temporary staff hires are on the increase over permanent hires, according to the REC report, showing that organisations are trying to maintain flexibility ahead of any Brexit outcome. We have seen our Interim business grow 40% since the turn of the year, so if anything REC is understating this trend. The nationwide candidate shortage for permanent staff is probably related to Brexit too, with individuals not wanting to risk moving until the future is clearer, but in our experience, interim professionals are still very active, with the long term economy not hugely affecting their decisions to take project based or contract roles at all.