Decline in white-collar applicants

(2 minutes to read)

Broadbean Technology: ‘Businesses need to rebuild and nurture dwindling talent pools, utilise innovative technology to streamline hiring and maximise partnerships with external talent suppliers in order to find the undiscovered talent that is so desperately needed’.

The number of people applying for white-collar roles has seen a significant drop, according to latest figures.

The report, compiled by Broadbean Technology, found that there was a 35% decline in the number of white-collar applicants between May 2022 and June 2022.

Looking at a sector analysis, applications across IT, pharmaceuticals and accounting saw a significant decline – IT saw numbers fall by 29% between May and June of this year, while figures in pharmaceuticals and accounting were down 41% and 33% respectively.

Alex Fourlis, Managing Director at Broadbean Technology, commented, “The UK’s skills crisis is continuing to be a focal issue, and for good reason as our data shows that these shortages are impacting almost every business, across every sector.

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“While there is an undeniable shortage of blue-collar workers in fields such as retail and logistics, the dearth of workers in highly skilled sectors is also of concern for the UK’s economic bounce back, with candidates for these positions not only harder to source, but also requiring lengthier training programmes to develop.

“This lack of white-collar applicants has the potential to negatively impact the UK’s status as an economic powerhouse.

“For employers and recruiters, now is a critical time. Businesses need to rebuild and nurture dwindling talent pools, utilise innovative technology to streamline hiring and maximise partnerships with external talent suppliers in order to find the undiscovered talent that is so desperately needed.

“Difficult times are ahead for the UK economy, and immediate action needs to be taken to establish a recruitment market that can best support the country’s economic bounce back.”

To find out more about contracting please contact Amelia on 01206 591 000 or email amelia.bowlez@contractorumbrella.com.

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