26 August

Britain’s post-lockdown recruitment boom

Reuters recently commented on how Britain’s post-lockdown recruitment boom had reached unprecedented levels this summer. Employers within the UK recruited the most permanent staff members this century. This was coupled with a shortage in available candidates, which ultimately drove up the starting pay for employees.

The Recruitment and Employment Confederation (REC) undertake an annual survey and the most recent survey showed that vacancies reached their highest level since the launch of survey at the end of the 90s.

Recruiters are working flat out to fill roles across our economy. The jobs market is improving at the fastest pace we have ever seen, but it is still an unpredictable time.”

Neil Carberry, Chief Executive of REC

The REC survey also showed that starting salaries increased by the most since 2014. A rise in hourly pay rates for short-term staff was the strongest since 2004. The Bank of England will note as it assesses how temporary a recent rise in inflation is likely to prove.

British recruiters PageGroup (PAGE.L) and Robert Walters (RWA.L) both raised profit forecasts on due to increased hiring in a number of countries where they operate.

Nearly 40% of firms expected to expand their workforce in the next quarter, higher than a pre-pandemic 2018-19 average of 29%, the BCC said.

Is now the best time to seek new employment? Are you receiving the benefits and pay you deserve? Do you want be part of Britain’s post-lockdown recruitment boom?

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