No cuts to workforces despite fall in employer confidence

Research into the UK’s employment market reveals that 64 per cent of employers will maintain their existing headcount, and that 24 per cent of employers in fact plan to take on more permanent staff during the next three months. Just 3 per cent of employers expect to shrink their permanent workforce within that timeframe.

tom-liptrot-of-futures-co-uk2Leeds recruitment company Futures.co.uk is welcoming the findings from the Recruitment & Employment Confederation’s (REC) latest JobsOutlook survey.

Tom Liptrot, managing director of Futures.co.uk, says: “The survey reveals that despite employer confidence falling during the last quarter, businesses are not making cuts to their workforce, with a significant number planning to create new jobs, which is great news for the employment market and economy overall.

“We operate in the education, social care, manufacturing, engineering, IT, retail and fashion industries and have been briefed to find hundreds of new candidates for a variety of roles in both the public and private sectors over the next few months.  Several of these new roles are at small to medium sized businesses in the private sector that are looking to grow through the appointment of both permanent and interim candidates.”

The JobsOutlook survey also reflected this trend, reporting that smaller businesses in particular had robust hiring intentions, with more than a quarter (26 per cent) of SMEs saying they would take on more permanent staff, and 12 per cent predicting that their temporary staff base will increase in the short term.

Tom adds: “The survey showed that confidence had fallen from 51% in May to 21% in July but that inevitably will have been as a result of Brexit, which took place in June.

“Change always impacts on confidence levels, but the fact that the majority of business owners do not envisage cutting their workforce, with many planning to expand them, is positive news all-round.

“We have also found that confidence levels are much higher in Yorkshire than nationally, and from our regular conversations with many of the region’s leading employers, we believe that employment in the region will certainly continue to grow in the short-term, following Brexit, and it’s very much business as usual.”

Futures.co.uk employs a team of 41, providing both interim and permanent recruitment solutions throughout the UK, with dedicated teams specialising in interim management and search services throughout the education, social care, manufacturing, engineering, IT, retail, fashion and sales industries.