Hiring intentions remain stable despite drop in employer confidence

(2 minutes to read)

REC: ‘With the sugar rush of re-opening the economy passing now, it was always likely that employer confidence would drop from the historic highs of a few months ago, so it is good to see that sentiment is still slowly improving.

Recent findings from the Recruitment and Employment Confederation (REC) shows that UK employer confidence dropped sharply in the three months to October.

Despite this, the REC’s JobsOutlook survey revealed that hiring intentions for temporary workers in the next three months remained stable at net: +8, and looking at the next 4-12 months this rose by two points to net: +5.

Neil Carberry, Chief Executive of the REC, said, “With the sugar rush of re-opening the economy passing now, it was always likely that employer confidence would drop from the historic highs of a few months ago, so it is good to see that sentiment is still slowly improving.

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“Businesses are resilient, but as the pace of recovery starts to slow, big new questions need to be addressed to ensure we stabilise with a growing economy – the right skills, infrastructure and monetary policies will all be at a premium in the next few months, especially in the face of rising inflation.

“With worker shortages likely to persist for years, one part of this is a proper cross-government agenda of working with businesses on a national workforce strategy. As the experts in the jobs market, recruiters are well placed to help with this.”

To find out more about contracting please contact Sophie on 01206 591 000 or email sophie.lewis@contractoumbrella.com.

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