UK businesses continue to hire despite drop in confidence

(2 minutes to read)

Umbrella company contractors will be pleased to hear that UK businesses are continuing to hire additional staff, despite a drop in overall economic confidence.

The Recruitment and Employment Confederation's (REC) latest JobsOutlook survey revealed that businesses are looking to hire more contractors, with four in five (81%) planning to maintain or increase their use of agency workers in the run up to Christmas.

Of the 600 employers surveyed, many have reported that they anticipate a shortage of candidates for permanent and temporary roles in engineering, tech, construction and health & social care.  

REC Chief Executive Kevin Green commented on the latest findings, “The latest official figures show that employment remains at a record high. Our data suggests that this positive trend is set to continue, with employers actively looking to take on more staff in the last quarter of the year. Small businesses in particular are performing well and are seeking to grow. Strong consumer spending over the last few months has been a boon to the UK economy.

“However, there are signs that business confidence in the economy is slipping. Whilst it is still too soon to draw conclusions about the impact of the decision to leave the EU, the data suggests that London is feeling the brunt of the referendum result. Businesses in the financial sector in particular are looking at the political and economic environment with some trepidation.”

Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.

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