Hiring intentions remain positive

(2 minutes to read)

REC: ‘Businesses believe in themselves and are ready to go. But the unstable economic outlook continues to put a dampener on their ambitions.’

New data has revealed that despite recent uncertainty, employers’ hiring intentions have remained positive.

The Recruitment and Employment Confederation’s latest JobsOutlook report revealed that short-term demand for contract/temporary agency workers surged by 12 percentage points to net: +16 compared to March-May 2019. In the medium term however, demand decreased by 1 percentage point to net: +4.

However, with employers’ confidence in the UK economy falling by 4 percentage points to net: -30 this quarter, these ambitious hiring plans could be hampered by the uncertainty over Brexit.

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Neil Carberry, Chief Executive of the REC, explained, “Today’s figures emphasise why businesses are so frustrated at the lack of a smooth and stable resolution of the Brexit debate. There is growth to pursue and there are jobs to create – businesses believe in themselves and are ready to go. But the unstable economic outlook continues to put a dampener on their ambitions.

“Attracting workers to the UK to fill critical shortages and making sure they feel welcome, speeding investment decisions that create jobs, and investing in skills development for all workers are critical to our future success. It’s time to get back onto this agenda.”

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