Market Update – January 2019

Over the course of 2018, there was a general trend for vacancies to increase, meaning more competition over qualified candidates. Most are predicting this trend to continue during 2019.

Despite the seemingly uncertain economic mood in Britain, studies have shown that the UK economy is expected to perform more impressively this year than previously predicted. Growth is expected to be higher than last year, with record low unemployment. This is the perfect storm if you’re looking for a new job.

We’re hearing of ambitious growth plans from many of our clients. If you’re considering a move, even if you’re not actively seeking a new job, it’s worth striking while the iron is hot. Not only are there plenty of interesting opportunities out there, but those opportunities are in companies that are going places. As companies vie for candidates, they will look to move quickly – meaning you should too. It’s also worth checking whether you’re being paid your market rate – your recruiter will be uniquely positioned to advise on this.

In circumstances such as these, if you’re looking to hire new staff, it’s important to be smart about it – making yourself available for interviews quickly, giving feedback to candidates promptly, and selling your business effectively to candidates. Salaries have continued to rise over the past few years, so it’s also worth checking that your salaries are in line with your market.

Ask your friendly, neighbourhood recruiter for more detailed advice and information about the market!

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