In 2024, job seekers in the UK face several challenges, despite some positive developments. While the job market remains tight, with sectors like healthcare, education, and engineering experiencing skill shortages, overall vacancy rates are declining. For example, vacancies dropped to around 889,000 by mid-2024, compared to previous highs. Graduates in particular continue to find better opportunities in specialized sectors like pharmaceuticals, finance, and aerospace, though competition remains tough, especially for non-graduate roles in retail and services. Remote and hybrid work options, popular during the pandemic, are decreasing slightly, with fewer job postings offering flexibility, especially in sectors like tech. However, employers in finance and legal services are still more open to these models. The economic slowdown, coupled with workforce gaps caused by immigration policies and an aging population, is making it harder for businesses to hire, despite efforts to boost employment through wage growth and training programs. Wage growth, particularly for lower-paid workers, is strong but expected to slow in 2024. (Indeed Hiring Lab CIPD Prospects) This is why finding the job of your dreams by yourself is a struggle. Here at KeyJobs, we will do the work for you and land the job you have always wanted.
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In 2024, job seekers in the UK face several challenges, despite some positive developments. While the job market remains tight, with sectors like healthcare, education, and engineering experiencing skill shortages, overall vacancy rates are declining. For example, vacancies dropped to around 889,000 by mid-2024, compared to previous highs. Graduates in particular continue to find better opportunities in specialized sectors like pharmaceuticals, finance, and aerospace, though competition remains tough, especially for non-graduate roles in retail and services. Remote and hybrid work options, popular during the pandemic, are decreasing slightly, with fewer job postings offering flexibility, especially in sectors like tech. However, employers in finance and legal services are still more open to these models. The economic slowdown, coupled with workforce gaps caused by immigration policies and an aging population, is making it harder for businesses to hire, despite efforts to boost employment through wage growth and training programs. Wage growth, particularly for lower-paid workers, is strong but expected to slow in 2024. (Indeed Hiring Lab CIPD Prospects) This is why finding the job of your dreams by yourself is a struggle. Here at KeyJobs, we will do the work for you and land the job you have always wanted.
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🌟 Exciting News Alert! 🌟 Are you curious about the latest trends in the job market? Look no further! Check out this insightful article from CNBC highlighting the job market dynamics for March 2024. 📈📊 https://lnkd.in/gYBBBt8Y It's fascinating to see the shifts and patterns in employment across various sectors. As businesses evolve and adapt to changing circumstances, it's crucial for staffing professionals and HR leaders to stay ahead of the curve. Here are a few key takeaways focusing on the staffing implications: 1️⃣ Tech Dominance: The technology sector continues to surge, presenting immense opportunities for skilled professionals in software development, data analysis, and cybersecurity. For ACS Professional Staffing, this signifies a growing demand for tech talent. We continuously adapt our sourcing strategies to find the best candidates. 2️⃣ Healthcare Boom: With the ongoing emphasis on healthcare and wellness, the healthcare industry remains a robust job creator. From nurses to medical technicians, there's a consistent need for healthcare professionals. 3️⃣ Remote Work Revolution: The pandemic has reshaped the way we work, and remote opportunities are here to stay. As remote and hybrid work models become the norm, employers continue to adapt by offering flexible scheduling solutions. At ACS we frequently continue to see remote job opportunities and enjoy assisting our clients with building distributed teams. 4️⃣ Skills Gap Challenges: Despite job growth, there's a persistent skills gap in certain industries. To address this challenge, invest in upskilling and reskilling initiatives. We see many companies collaborate with educational institutions and training providers to equip their employees with the skills needed to thrive in today's job market. 5️⃣ Economic Recovery: The positive job numbers reflect a broader economic recovery. As businesses expand and invest in talent, as a staffing agency we play a vital role in facilitating this growth. We continue to stay proactive in identifying emerging talent trends and aligning our services with the evolving needs of both employers and job seekers. Let's harness these insights to drive meaningful impact in the staffing industry and placing top quality candidates! 💼💡 What are your thoughts on the latest job market trends? I'd love to hear your insights and experiences in the comments below! Also, if the search for top candidates feels overwhelming, remember you're not alone. ACS is here to support you every step of the way. Reach out today! 👉 https://bit.ly/TalkToACS #JobMarket #StaffingTrends #HRInsights #RecruitmentStrategy #nowhiring #employment #recruiter #career #jobsearch #recruitment #hiring #jobs
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The UK job market shows mixed signals with high wages and vacancies but rising unemployment. ONS data indicates a "cooling" effect. Our VP, Jonathan Firth sees upskilling as a solution to address the gap between available talent and employer needs. LHH analysis finds a surge in office support roles highlighting a continuing demand for administrative skills. From a hiring perspective, competition necessitates streamlined application processes to avoid being overlooked by candidates. Click to read the full article 👉 https://lnkd.in/e5UQubex
Latest ONS Labour Market Overview
hrgrapevine.com
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The UK job market shows mixed signals with high wages and vacancies but rising unemployment. ONS data indicates a "cooling" effect. Our VP, Jonathan Firth sees upskilling as a solution to address the gap between available talent and employer needs. LHH analysis finds a surge in office support roles highlighting a continuing demand for administrative skills. From a hiring perspective, competition necessitates streamlined application processes to avoid being overlooked by candidates. Click to read the full article 👉 https://lnkd.in/eVgffpvw
Latest ONS Labour Market Overview
hrgrapevine.com
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The UK job market shows mixed signals with high wages and vacancies but rising unemployment. ONS data indicates a "cooling" effect. Our VP, Jonathan Firth sees upskilling as a solution to address the gap between available talent and employer needs. LHH analysis finds a surge in office support roles highlighting a continuing demand for administrative skills. From a hiring perspective, competition necessitates streamlined application processes to avoid being overlooked by candidates. Click to read the full article 👉 https://lnkd.in/eenNbRMi
Latest ONS Labour Market Overview
hrgrapevine.com
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The UK job market shows mixed signals with high wages and vacancies but rising unemployment. ONS data indicates a "cooling" effect. Our VP, Jonathan Firth sees upskilling as a solution to address the gap between available talent and employer needs. LHH analysis finds a surge in office support roles highlighting a continuing demand for administrative skills. From a hiring perspective, competition necessitates streamlined application processes to avoid being overlooked by candidates. Click to read the full article 👉 https://lnkd.in/exXv2xpb
Latest ONS Labour Market Overview
hrgrapevine.com
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Is the UK job market turning against job seekers in 2024? 🧐 This year, we’re seeing a dramatic shift in the UK’s job landscape, and it’s leaving many professionals wondering how they’ll stay ahead in a tough market. Here’s what’s happening: 💼 Wage Growth is Slowing: After years of rapid increases, wage growth is down to its lowest rate in two years. For those navigating rising living costs, this is a wake-up call. How are you coping with the gap between pay and expenses? 📉 Jobs are Getting Scarcer: August saw 2.09 jobseekers per vacancy – the highest level of competition in years. If you’re applying for new roles, what’s been your strategy to stand out from the crowd? 💸 Autumn Budget’s Ripple Effect: Tax hikes have many businesses reconsidering their hiring budgets, and professionals are feeling the impact. Have you noticed companies pulling back on hiring, or even pay raises? 🤕 Health & Economic Inactivity: A growing number of people are out of work due to chronic health issues, and it’s forcing a conversation on workplace support and government intervention. Are we doing enough to make the workforce accessible for all? With these changes, traditional job-search strategies might not cut it. Are you pivoting to new approaches to stand out? Building a personal brand? Relying on digital portfolios to showcase your skills? #UKJobs #JobMarket2024 #CareerChallenges #WageGrowth #JobSearchTips #StandOut #PersonalBranding #DigitalResume #CareerStrategies #NetworkingTips #ProfessionalGrowth #CareerInsights #JobSeekerSupport #WorkplaceTrends #Websume
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📊 UK Job Market Update – October 2024 The UK job market continues to navigate challenging conditions as we head into the final quarter of the year. Recent data highlights a shift in hiring trends, with vacancies declining for the eleventh consecutive month and competition for roles increasing, now at 2.09 jobseekers per vacancy – the highest level in three years. This trend reflects a cautious hiring approach from employers, who are prioritizing specific roles amid economic uncertainty (Indeed Hiring Lab)(Personnel Today). Despite these challenges, certain sectors, like graduate roles and hospitality, are experiencing growth, while others, such as retail and sales, are seeing reductions in available positions. Additionally, wage growth remains strong but has recently softened, suggesting a potential shift in the labor market’s balance of power as the Bank of England evaluates interest rate adjustments(Robert Walters)(The REC). For jobseekers, this means increased competition, but also opportunities as employers place a premium on specialized skills and flexibility. For businesses, now is a crucial time to refine hiring strategies to attract and retain top talent, particularly in a market where salary transparency and remote/hybrid work options continue to be key factors. Let's keep an eye on these trends as they shape the future of work in the UK! Reach out to us for your hiring needs - [email protected] #UKJobMarket #HiringTrends #Employment #UKRecruitment #JobMarketUpdate #AceProRecruiters
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In the ever-evolving landscape of the UK job market, the latest surge in annual salaries, climbing at the fastest pace since 2021, signals a hopeful economic transition. Driven predominantly by a wave of Christmas hiring, this development not only underlines the dynamism of seasonal markets but also sheds light on broader economic revitalization. 🔍 **What does this mean for professionals and businesses alike?** 1. **Increased Economic Confidence**: This surge reflects rising economic confidence among employers, who seem willing to invest in talent even in traditionally volatile markets. Whether you're hiring or seeking new opportunities, this is indicative of a market resurgence that could herald sustained growth. 2. **Strategic Employment Trends**: While Christmas hiring is often seen as a temporary boost, the implications are far-reaching. For companies, the emphasis should shift from seasonal gains to strategic, long-term planning. Cultivating a robust talent pipeline now could pay dividends throughout the year. 3. **Employee Leverage**: For current jobseekers and employees, this surge offers an opportune moment to negotiate better terms and transition towards more rewarding roles. Keeping an eye on market trends and salary benchmarks can significantly enhance career positioning. 🏆 **Predictions for the Future:** As we move beyond the holiday season, the critical challenge will be maintaining this momentum. A deepened focus on continuous skill development and innovation-friendly policies could fortify these gains, ensuring sustainable economic upliftment. - Employers should leverage this period to invest in workforce development. - Networking and skill enhancement will be instrumental for job seekers. In this time of promise, it's crucial to stay informed and strategically agile. Embrace this change, unlock potential, and prepare for a future where opportunities abound and growth unfolds. For a deeper dive into the nuances of this promising trend, check out the full article: [UK salaries rise at fastest rate in three years as Christmas hiring boosts job market](https://lnkd.in/eJWujdep) Let's connect and discuss how we can strategically maneuver in this vibrant job landscape! #Economy #JobMarket #CareerGrowth #SalaryTrends #StrategicHiring
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Have you been wondering why can't I find that role currently? Felt like the market has been a tad quiet? Some good insights below on what the job market has been like. If you would like to discuss your next opportunity or if you have any hiring needs please reach out - [email protected]
Recruitment specialist for Marketing & BD Professionals | Legal, Insurance, and Professional Services
Are you feeling like it's been quiet in the job market lately? You're not alone. The number of vacancies in the UK has been steadily declining since the peak in May 2022, with 30% fewer vacancies available. Every month we look at the data the ONS puts out on the UK labour market & the graph below shows number of vacancies since 2009 to present. You can see the big drop off when Covid hit & then the massive uptick that happened afterwards (when it felt really busy) & then the steady (& quick) decline since that peak in May 2022. Simply put, job supply has dropped massively. HOWEVER - some positive news - as of March 2024 the number of vacancies have risen again for the first time in 2 years (0.7% month-on-month to be precise) so hopefully a positive sign that the situation is stabilizing & it will pick back up. Will update again next month. #jobsearch #UKlabourmarket #vacancies
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