KPMG & REC Report on Jobs February 2025
The headline figures evidence:
- Fastest decline in temp billings since mid-2020
- Pay inflation weakens at the start of 2025
- Vacancies continue to tumble
- Staff availability continues to rise, but to a slower degree
We now have vacancies at their weakest level since the country was gripped by COVID-19 and the demand for permanent staff has contracted for the past 17 months.
And only last week the Bank of England halved the growth forecast from 1.5% to 0.75%.
No, it's not great reading but neither is it news to anyone in business. It's just the economists and politicians who are endlessly surprised.
What can I add that's helpful? That I haven't said before?
Only that, if you're hiring, accept that with uncertainty many potential jobseekers stay put. So any hiring process should start by considering what you have to offer the person you're looking for, which makes it worth them moving.
I have lots of blogs which will tackle some of the specifics. I hope they're helpful.
Hiring: When Statutory Holiday Pay is Not Enough
https://www.clarityappointments.co.uk/view-details/37455/Hiring-When-Statutory-Holiday-Pay-is-Not-Enough.htm
How to Attract More Over 50 Job Applicants
Flexibility (Not WFH) is What Matters
https://www.clarityappointments.co.uk/view-details/36740/Flexibility-Not-WFH-is-What-Matters.htm
Contact us now for a free, no-obligation chat. Contact Clare here.
Clare Wight is the founder and Managing Director of Clarity Appointments, an independent recruitment specialist. She served as a Regional Director for The Employment Agents Movement, supporting other independent recruiters.
She remains an active member of Recconnect (formerly Members Only), a recruitment leadership network promoting high ethical standards, collaboration, diversity, equity and inclusion.
She believes business owners are more fulfilled and higher-performing when they provide emotional and professional business support to other business owners, even those they deem to be competitors. She does this actively, whilst challenging and updating her skills and knowledge of the recruitment sector, enabling her to offer the best advice to firms looking to make their next hire.
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