More than half of UK firms plan to Hire We thought we would start with some good news for a change. The Chartered Institute of Personnel and Development recently carried out a survey along with the Adecco Group. They released their latest findings from the Labour Market Outlook which hint at the first positive sign for employment prospects in a year. In this survey approx. 56% of 2,000 firms surveyed planned to hire in the first three months of 2021. This is up from 53% in the previous quarter and 49% six months ago. The sectors with the strongest hiring intentions include healthcare at approx. 80%; information and communications with 67%; and finance, insurance, and education with 65% each. This confidence, however, does not extend to sectors that continue to be affected by the social distancing measures, such as hospitality, which is lower at 36%.
Inside HERD This Month
Employment opportunities had suffered a substantial impact due to the pandemic, but the figures this quarter do show encouraging signs of recovery. While factors relating to the ongoing pandemic and Brexit could yet unsettle employer confidence, recruitment intentions are on the rise while redundancy intentions have dropped sharply since the previous quarter.
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This is good news for job seekers and good news for the economy. We, in The HR Elephant support clients with recruitment and selection. We too, have noticed an increase in requests for this service. Hopefully, it is a sign of things to come.
• Positive Signs in Redundancy Plans • Minimum Wage Increases • Fail to Prepare, Prepare to Fail