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REC JobsOutlook March 2015

Recruitment and Employment Confederation (REC), the representative body for the UK recruitment industry, have shared their latest jobs outlook, highlighting key trends, forecasts and feedback from UK employers.

Commenting on the report, REC chief executive Kevin Green said:

“We heard a lot in last week’s Budget that confirms what employers are saying to us; that confidence is returning to the market and that businesses are seeking to take advantage of increasing demand.” 

“Questions remain however about where employers will find the skilled workers to carry out these projects, and to respond to growth. Employers are already reporting talent shortages in key industries like engineering, IT and construction.”

Summary of key points:

Confidence

  • Just under half of all employers (46%) state that “Things are starting to pick up now”.

Short-term outlook (next 3 months)
  • Nearly all employers plan to retain or increase the number of agency workers.
  • 79% of employers state they will increase the number of permanent employees
  • REC suggest that this will create “some pressure” to find candidates.
Medium-term outlook (4 to 12 months)
  • Temporary work availability was described as “a pressing issue” for 2015 with 99% of hirers planning to hold or increase current levels of agency workers.
  • A net balance of over three-quarters of employers intend to increase permanent employee numbers.
  • REC report this could “create churn as passive candidates are more aggressively sought after”.
Skills shortages
  • Technical and engineering sectors were predicted to be the most likely to experience skills shortages for both temporary and permanent positions, followed by driving and distribution.
Sector prospects
  • Anticipated demand for both permanent and agency engineering staff is “accelerating fast”.
  • Agency workers in technology and with office skills continue to experience a “long term upward trend in anticipated demand”.
REC

“Recruiters also have a major part to play in connecting employers to untapped talent pools”

 Kevin Green
Chief Executive, REC

Source: REC




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