With continued economic uncertainty and labour shortages, UK employers are turning to temporary workers to fill job roles.
The Recruitment & Employment Confederation’s (REC) JobOutlookreport revealed that the level of employers’ confidence in both the UK economy and their ability to invest in their business is low.
However, despite this, hiring remains positive and demand for contractors and other temporary workers continues to rise – hiring intentions improved by 1% quarter-on-quarter, to +7 over the next three months, and 4% to +8 in the next four to 12 months.
Neil Carberry, Chief Executive of the REC, said, “Today’s data shows that businesses remain concerned by the economic outlook. That is no surprise, given high inflation and global economic and political uncertainty. But hiring intentions show that firms still need new staff and they also suggest that a recovery in confidence could be quite quick if inflation falls.
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Email Jaime“In the face of high levels of uncertainty and labour shortages, it is no surprise that temporary workers are playing a bigger role in companies’ plans. Our world-leading temporary work market remains vital to many companies. On any given day there are 1.2 million people who are working via a recruitment business on a contract or temporary assignment.
“Governments can help realise their potential by freeing up more of employers’ money to train and develop them by reforming the Apprenticeship Levy.
“Businesses across sectors are calling for this reform which will help with the labour and skills shortages that are currently holding back economic growth to the tune of around £39 billion a year according to REC research.”
To find out more about contracting please contact Jaime on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.
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