There is some really positive news on the jobs front.
A monthly survey that tracks employment trends suggests that eight out of ten employers are planning to hire more people in the next three months.
The JobsOutlook survey, carried out by the Recruitment and Employment Confederation (REC) suggested that demand is increasing from a quarter or employers at the turn of the year to a third of employers surveyed last month.
Employers nationally are also expressing concern over skills shortages with one in five predicting a problem finding the right people to fill technical and engineering roles.
This national trend is mirrored locally. The recently published Greater Peterborough Business Survey of 200 companies revealed that a third of businesses expected to recruit in the next 12 months. And 21% of respondents to the local survey expressed concern that there was a shortage of specialist skilled staff in their sector.
The REC describe their latest survey results as the most promising since 2009 and advise companies to ensure their hiring processes are right to ensure they attract the right quality of candidates.
There is little doubt that employers need to plan ahead and act quickly and decisively when looking to recruit as candidate shortages will increase in the coming months. All companies and organisations will need to work harder to win over and retain talented people.
We would suggest that companies need to:
- assess their business plans for the coming months in order to plan ahead
- allow ample lead time for a comprehensive recruitment campaign with realistic timescales when hiring
- improve the candidate experience
- review their recruitment processes to ensure they are fit for purpose
- review salary and benefits packages to ensure they are competitive to tempt talent – by using the ACR salary survey
- position themselves as employers of choice
- sell their own business to would-be employees
It is really important to remember that recruitment is a two-way process. You may be choosing a candidate but the candidate is also making a decision about the employer. Do you value well-being? Do you have a gym? Do you offer flexible working? Do you support a good work/life balance? It’s not just about the salary package.
Flexible benefits packages are also becoming increasingly popular, where candidates can pick and choose the package elements that suits them best.
Many companies are looking to use the increasing flow of graduates. High Fliers Research suggests that some of the country’s biggest employers like Google, British Airways, John Lewis, the police and civil service alone expect to hire around 19,000 graduates in 2014 – an increase of nearly nine percent compared to 2012.
Here at Anne Corder Recruitment we recognise the importance of attracting the best talent – including graduates – and have specialist ‘talent spotters’ who are constantly trawling the market to ensure we can offer clients pre-qualified candidates of the highest quality.
The very fact that we are now talking about significant recruitment activity is hugely positive news and the fact that national and local surveys are coming up with the same conclusions, seems to validate this news.