January 2023 has seen a big upturn in applications for new vacancies.
Clients have come back from the Christmas and New year break ready to get new staff on board and we have seen our fastest number of adverts posted since since 2018 in the first 2 weeks
Industry news
The Government has proposed new legislation that gives employees the right to ask for flexible working arrangements from their first day at a new job, rather than having to wait 26 weeks as set out by the current law
Demand for jobs is holding up better than most economists have predicted, but price increases still lag behind inflation
The Office for National Statistics (ONS) have said in their latest fortnight business impact survey that almost a third of companies are experiencing a shortage of workers.
ONS data shows that 32% of businesses who have more than 10 workers are saying that they are short of staff and social work sectors are very badly affected with 51% of the firms are impacted.
ONS data shows in the three months to October 2022 unemployment has increased to 3.7%
Another survey shows that there is “growing caution” with companies hiring new staff and 5% of businesses are planning redundancies over the coming quarter.
Of those firms two thirds will reduce staffing costs and around one in six companies have said the recent industrial action seen across the UK has impacted their businesses.
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