- In the week of 13-19 September, there were 1.90 million active job adverts in the UK, a new record high
- There were around 223,000 new job adverts posted in the same week – the second highest weekly figure since data collection began
- Every upper tier local authority in the UK recorded at least a marginal increase in active job postings last week
- Four out of the UK’s top ten hiring hotspots were in Scotland last week
- Rise in adverts for education roles last week, as schools and universities welcomed back students
In the week of 13-19 September, there were 1.90 million active job adverts posted in the UK, according to the Recruitment & Employment Confederation (REC)’s latest Jobs Recovery Tracker. This is a new record high for the tracker, which started collecting data in January 2020.
There were 223,000 new job adverts posted last week, the second highest weekly figure since data collection began. Moreover, this growth was seen across the entire country, with every upper tier local authority in the UK seeing a rise in active job postings last week. This all suggests that the current labour shortage problems are not going away as demand for staff increases.
What does a “Candidate Driven Market” mean?
This changes the dynamic between job seekers and employers, meaning companies need to alter the way they manage the recruitment process in order to retain the most talented applicants. A candidate with a striking CV would now potentially face multiple job offers, making is essential for companies to introduce speedier onboarding processes. This includes everything from contracts, offer letters and general workplace admin. Delays in this area often keep the candidate waiting weeks before they can start, giving them more time to take up other offers.
More opportunity also comes with higher expectations and standards, making job seekers in a stronger position than ever to negotiate their terms of employment. Companies need to initiate prompt and effective communications during this phase. If not, the candidate will likely be weighing up other options.
Selling the Job
Company branding plays an important role in a candidate driven market. At one time, it was the candidate’s job to sell themselves to a company; now it works both ways. The decision making process to take on a new role comes with many factors, and not just salary. Workplace environment and career progression are vital aspects that talented candidates will consider, making it important that organisations really sell themselves as a brand and the benefits of the role to attract the top talent. This can be achieved by displaying good ethics, values and treatment of staff, as well as optimising job descriptions to outline perks of the company.
Overall, a candidate driven market makes it more difficult for companies to hire and maintain candidate interest.
This is where a Recruitment Agency comes in..
If your business is struggling to fill positions or retain staff, Aspire Cambridge can offer expert advice and consultation to help you grow. Our Consultants are trained on how to optimise job descriptions, decide on a salary, and can supply you with a number of exceptional candidates. Let’s not forget; the biggest reason companies decide to work with recruiting firms is to get access to top talent to hire-people they cannot find on their own.
Get in touch today on 01223 855440 or submit a vacancy here >>