Job vacancies have continued on a downward trajectory, with the latest April numbers revealing a significant drop. While year-on year totals are down for the fourth consecutive month (January-April), talent shortages for nurses, carers and other medical staff persist.
The data suggests that we have shifted from a lack of candidates to a sharp drop in requirements as business confidence falls amid economic uncertainty.
Exclusively available to members who participated in the survey. The report highlights key findings and insights that emerged from the survey, offering valuable industry perspectives.
"Like almost every other region in the UK – there does appear to be signs of a slowdown, the market is still producing new job roles, with a number of sectors driving much of this growth."
Across England and Wales (E&W), the HR jobs market saw its highest demand for talent in May 2022, with over 3,700 new vacancies posted, representing an 8.1% increase compared to the previous month.
“The shortage of engineering staff is continuing to impact businesses across the sector and the rise in vacancies noted for the first quarter of this year alongside a sustained fall in applications is cause for concern."
“With news of layoffs in Big Tech companies, the fall in IT vacancies that we have seen in the first quarter of the year is understandable, though it should be noted that the slight rise in March when the Chancellor’s technology skills focused Budget was announced could be a sign of positivity returning."
The recruitment trends snapshot is based on data supplied by Bullhorn. Year-on-year increases compare March 2022 data with March 2023 data. Month-on-month figures compare March 2023 data with February 2023 data.
Jo Bradley, Global Talent Director at Phaidon shares her insight into people development and
their experience working with APSCo to put managers through the CMI Accredited FastTrack
Leadership programme.
You can’t foresee the future — but you can help create it. It’s a challenging and pivotal time to be in the staffing industry. In this time of uncertainty and rapid realignment, recruitment leaders can meet the moment as change-makers.