UK Labour Market: Summer 2018

Businesses with UK operations are finding it ever-harder to secure high-quality employees. Reasons for this have been given as everything from Brexit to the hot weather, but in fact it’s probably a result of myriad factors. The results of the talent shortage are less ambiguous, however.

The ONS¬†have released the latest employment figures for the UK this month, and while it’s great news for individuals, who are likely to be enjoying better benefits, working fewer hours, receiving improved salaries and in great working conditions, employers have less to be pleased about. As well as being struggling to attract the ever-decreasing number of active candidates, passive candidates are likely to be less tempted as their current employer fights hard to keep the quality of employee they already have.

How can employers keep the talent they have, while simultaneously trying to attract candidates from competitors? Firstly, by knowing who and what their organisation needs. Spoiled-for-choice candidates won’t waste time on fluffy proposition, and they certainly won’t hang around for long if their new role turns out to be less of an ideal fit for them than they were led to believe. Better collaboration between hiring managers and recruiters can also help to cut down time-to-hire and ensure that a candidate’s head isn’t turned while they wait for an offer.

 

Worried about how the talent shortage may affect your business? Find the gaps in your hiring process with a free analysis from Talenytics.

Blythe Balkwill

Blythe Balkwill

Customer Engagement Specialist

Blythe recently graduated with a degree from Glasgow Caledonian University. She is passionate about ensuring the success of the customer journey.