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September Newsletter – Let’s Talk Hiring: Navigating the Current Market Together

20th September 2024

Leena Parmar looking into the distance while holding a piece of paper

It’s been a rollercoaster few months, we are heading for a record-breaking September, and we have also been celebrating being short-listed for not one but two prestigious Recruiter Awards – both for best candidate care.

Best Candidate Care: This nomination recognises our unwavering commitment to providing exceptional support and guidance to every candidate we work with. This nomination celebrates our dedication to delivering the best recruitment services while maintaining a personalised and boutique approach.

These nominations are a testament to the hard work, dedication, and passion of our incredible team. We’re honoured to be recognised for our efforts in providing exceptional service to both clients and candidates.

In addition to these nominations, we’re also pleased to announce that we’ve successfully passed our recent Employment Agency Standards (EAS) inspection. This positive outcome reflects our commitment to compliance and best practices in the recruitment industry. 

A Critical Moment for the UK Labour Force

We’re facing a critical moment in the UK labour market. To ensure our nation’s continued prosperity, I do feel that the latest Government need to address the challenges of creating growth, building a skilled workforce, and boosting productivity. 

A Strategic Approach to Growth

A well-informed Industrial Strategy is essential for driving economic growth. By partnering with labour market experts, the government can develop a workforce plan that aligns our skills with the jobs of the future. This will not only create opportunities for individuals but also strengthen our nation’s competitiveness.

Investing in Skills for the Future

A robust skills and training strategy is vital to equip our workforce with the skills needed to thrive in the modern economy. Whether it’s advancements in technology or developing general soft skills, we must ensure our people are prepared. 

Addressing Productivity and Inactivity

To boost productivity and reduce labour market inactivity, we must address key barriers such as childcare, healthcare, and transport infrastructure. By improving access to these essential services, we can create a more inclusive and productive workforce.

Signs of a Slow-Down

The UK labour market continues to demonstrate signs of a gradual slowdown, mirroring the broader economic landscape. While the overall number of active job postings experienced a minor decline in August, certain sectors, particularly tourism and hospitality, witnessed a late-summer resurgence.

Key Labour Market Insights:

  • Market Contraction: The overall count of active job postings decreased by 2.4% in August compared to July.
  • Regional Divergence: Scotland and Northern Ireland observed notable increases in job postings, likely attributed to the conclusion of the summer break.
  • Government Influence: Businesses are eagerly awaiting clarity from the government regarding growth strategies and potential cost increases, which will significantly impact their hiring decisions.

Navigating the Current Landscape

Despite the evolving market dynamics, opportunities for businesses to attract and secure top talent persist. Staying informed about industry trends and adapting recruitment strategies accordingly is paramount.

As we anticipate the government’s upcoming Budget, its impact on the labour market will be closely watched. Let’s see what will be delivered in the Autumn Statement in October.

Citrus Connect Recruitment: Your Partner in Success

At Citrus Connect Recruitment, we’re committed to helping you navigate these changing times and achieve your hiring goals. Our team of experienced professionals is dedicated to providing tailored solutions and ensuring a seamless recruitment process.

Let’s connect to discuss how we can support your business in this dynamic labour market.

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