The hiring wave is expected to continue until 2022 as employer confidence remains high


In the three months leading up to August, companies’ confidence in their ability to hire new staff and make investment decisions remained sharp: +25, according to new data from the Confederation of Recruitment and Management. employment (REC). This remains a historically high rate of improvement, although the pace is lower than the previous rolling quarter.

The latest from the REC Jobs The survey found that this confidence boosted the number of employers looking for new permanent employees. Hiring intentions over the next three months increased by three percentage points to a net: +25, while demand for the next 4 to 12 months also increased to a net: +30. The demand for temporary workers is also high in net: +17 in the short term and net: +10 in the medium term – although it has slowed compared to the previous rolling quarter.

With demand for personnel remaining high, current labor shortages are expected to continue for some time.

Neil Carberry, CEO of REC, said:

“Business confidence levels remain strong and this has led to a skyrocketing demand for workers. Demand continues to grow for both temporary and permanent workers, but permanent hiring is now leading the way after starting to pick up much later than for temporary workers. This diagram follows the pattern of previous recoveries.

“This survey suggests that companies remained confident at the end of August that capacity constraints would not slow down the recovery. Given the events of the past week, we’ll be watching next month’s numbers to see if that starts to change. It was good to see the government listen to business and introduce measures to help alleviate shortages of heavy truck drivers over the weekend – although driving was not the only industry to be badly hit by shortages of trucks. workforce. We would like to see a collaborative approach going forward, with government departments and industry experts coming together in a joint forum to try to resolve this crisis. “

Other key figures from the latest Jobs understand:

  • Despite the problems caused by labor shortages, business confidence in the UK economy rose by a percentage point to +19, suggesting they believe the economy will be able to to overcome this crisis.

  • In August, six in ten (58%) hiring agency workers faced a shortage of qualified candidates for current positions.