The job board Reed, has reported that vacancies posted on their website finally dipped in October after months of record-breaking new jobs. As furlough came to an end no-one was quite sure what would happen. But it seems the predicted rush to compete for candidates post-furlough had already peaked last month. Here is our recruitment snapshot…
With furlough now finished, organisations can concentrate on how to move the business forward. However, add in the unpredictable short-term future regarding the pandemic, it may still be some time before we see the true impact of the last 18 months.
Following the Autumn Budget in October, and talk of rising inflation and interest rates, these changes could significantly impact hiring and retention plans if costs get too much for some businesses.
While salaries are still fairly static, relying on salary alone may not be enough to persuade quality candidates to join your company. Therefore, businesses must look to benefits, culture, hybrid working and employer branding to help them stand out from the competition.