Our Managing Director on the current state of the UK job market

12 Aug 2020 Client Blogs / News
Our Managing Director on the current state of the UK job market

Morgan Hunt’s Managing Director, Dan Taylor, appeared on BBC News yesterday evening to discuss the recent fall in employment figures. As a follow up to that interview, Dan shares with us some further comments about the outlook of the current job market.

Taylor comments – “In the world of rolling, wall to wall news its really hard to get across the nuances of such a complex situation, here are some of the key points to contemplate when evaluating the recent employment figures".

  • British Chamber of Commerce data suggests that 29% of British firms are planning to reduce headcount over the coming months.  That information needs to be tempered against the fact that 59% of firms plan to retain their staff and 12% are looking to expand.

  • Furthermore, 25% of all companies are looking to hire through this period, a mixture of expansion and replacing staff.

  • The Association of Professional Staffing Companies (APSCo) also reports that despite the seasonal low hiring activity across July and August, the number of interviews taking place in July was 6% up from June. Morgan Hunt forecasts that that increase will continue month on month until the end of the year.

  • The number of people employed in contract or temporary roles in July increased by 7%.

Taylor adds, “Whilst this is a challenging market, plenty of roles and opportunities exist. And this picture is likely to improve as we move into the Autumn.”

Given the current climate, how candidates prepare themselves for opportunities in the job market is essential. Over the coming days, Dan will elaborate on what candidates need to do to maximise their chances of success, which we will share via the Morgan Hunt LinkedIn page.

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