Is it difficult for you to find a job? In the United Kingdom there are more candidates and less vacant places
Two new studies show that British companies are reluctant to hire due to the few prospects for growth and the increase in work costs.
Vacant places in the United Kingdom They continued to decrease in February, since companies have interrupted or slowed down their hiring plans due to unreasonable economic prospects and Increase in salary costs. According to the latest survey on the KPMG and REC, the number of vacant places fell of the sixteenth consecutive month In February.
The report, prepared by S&P Global After examining about 400 consultants Hiring and employment of the United Kingdom has shown that permanent vacant places have continued to decrease at a slightly higher pace than temporary positions. The appointments of the fixed staff decreased by twenty -first consecutive month, although the last autumn of the placements was the Sumbst since last October.
THE Fixed secretariat and administrative places
“While the February data show that companies continue to preserve the hiring, the softer reduction could be an indication that the expectations of New cuts in interest rates And recent economic data better than expected are starting to alleviate some of the pressure on companies, “said Jon Holt, executive director of the KPMG group and the main partner in the United Kingdom.
According to the report, the vacant places that decreased more were those of Fixed secretariat and administrative placesfollowed by those of professional and retail managers. Vacant places of Temporary staff has also been reduced largely in executive/professionals, followed by retail trade e It and computer science. The administrative positions recorded the softer reduction of temporary vacant places.
Slow increase in the initial salary
While vacant places have decreased, The layoffs have increased Even more the number of unemployed. The February data indicate that the number of candidates looking for both permanent and temporary positions is increasing quickly.
The slowdown in demand by employers, together with AA A greater number of employment applicantsHe kept general wage pressures at bay. As a result, the initial wages have increased to the weakest pace of the last four years and have been below average. The salary growth of temporary work has remained marginal.
Employment contributions increase and increase unemployment
According to the latest ONS data, the UK unemployment rate was 4.4% between October and December 2024. However, Layoffs are expected to continue to increase Due to the increase in the contributions of the employer to social security and the increase of 6.7% of the minimum wage.
“Allowing companies to grow is the key to our prosperity: the Minister of Economy must benefit from The Spring Declaration (As the United Kingdom, the revision of the state of the economy and finance) call) to strengthen their trust in growth, “said Neil Carbonerry, executive director of Rec.
Neil Carberry Posted on Network X: “This morning we published the last #reportonjobs, Our report on the performance of February and the most updated indicator of the UK labor market. Prepared by us. In summary: it is still weak, but there are some positive signals.
Persistent inflation causes one weak corporate trust
“At the moment, however, the situation remains slow, since companies contain breathing of the important increases in the costs that will occur from April with the Changes in social security And the national salary for a decent life, “he added. In a separate relationship, a BDO consultative company index has shown that the company climate is in a state for the last time after the world financial crisis (94.30 of 94.72).
Due to the Persistent inflationTHE weak corporate trust and the weak economic activityBDO provides that the decline trend persists throughout 2025. And despite the fact Him Bank of England The official interest rate has been reduced 4.5% in February to further increase economic growth. “Business growth is happening, but it is fragile,” says Kaley Crosshwaite, BDO’s partner.
“Reduction of interest rates at 4.5% It is a step in the right direction, but we know that these cuts may take more than 18 months to have an impact on the economy. In the meantime, companies will need continuous support to face the challenges of the workplace and fully reach their growth potential, “he explained.
