According to new research, employers are facing the most severe candidate shortage on record…
We asked our LinkedIn connections if they were having the same experience…
Here are the results...
Our poll via LinkedIn found that 53% of people struggled to find candidates to fill positions, whereas 12% of people had no issue. Additionally, 35% suggested it took longer than normal.
So, why has it been a struggle?
There are a few factors that have contributed to the candidate shortage...
An Increase in Vacancies
Across the UK, vacancies are booming, but employers are struggling to fill them.
In the first week of August, there were 1.7 million live job adverts in the UK. On top of that, employment is at its highest level this year, with the increase in June the highest (month-on-month) on record.
Vacancies in almost every UK sector are above their pre-pandemic levels. Nearly 70% of all employers are planning to recruit. This is a huge positive for the job market and for people looking to enhance their skills in different industries post-pandemic job loss’.
Are People TOO Comfortable & Afraid of Change?
People are staying in their job during uncertain times such as Brexit, the pandemic and low unemployment. For some sectors starter pay is booming, though not others.
The issue could be simply a bottleneck, as things take time to return to normal. This is especially the case when lots of employers are all looking to hire. There may be many applicants, but not all are suitable – not everyone will have the right skills or be in the right location.
Some people are waiting to see how the economy recovers. With so much uncertainty, many people who would otherwise look for jobs are waiting to see how things play out.
A survey of over 2,000 people in the UK and Ireland shows that more than one in three are looking at quitting in the next six to 12 months, or once the economy is stronger.
Overall, there are fewer workers to apply to current vacancies.
Many have left the labour market for various reasons, becoming “inactive” by entering or staying in education, unable to work through illness, or have given up looking for work. Brexit and the pandemic mean that there are fewer foreign workers than before.
An Increase in Remote working Preference
Across all sectors, around half of employees could quit if denied the flexibility they want, especially as over 40% feel they are more productive working remotely than in an office.
For more information, please get in touch: Hello@cactusrecruit.co.uk | 01614704597