Heartening to see growing optimism in the marketplace around recruiting activity and intentions - as evidenced through reports from ONS, media channels and CIPD.
Recruitment has always been a bellwether for the economy and growth is naturally viewed positively.
However this competition for talent is already translating into more candidates 'ghosting' employers. A recent poll by PeopleScout highlights a 20% increase in candidates withdrawing post-offer and a 17% upswing in non attendance at assessment centres and final interview.
And whilst there's naturally been alot of coverage/interest around Candidate Experience over the past couple of years, we're now entering a time when employers can look beyond their surveys and NPS scores to see the impact on the business of disengaged candidates. Whatever your industry, a lack of chefs/contact centre staff/salespeople etc will have a direct impact on your ability to meet customer demand.
Call to action? Take a good hard look at your recruitment processes and - using Dave Brailsford’s principle around marginal gains – look for enhancements that personalise or streamline.
UK job vacancies highest for a year as lockdown eases UK job vacancies have hit their highest level since the start of the pandemic as the easing of lockdown measures has led employers to start recruiting. In the February-to-April period there were 657,000 vacancies, up about 48,400 on the previous quarter. The unemployment rate fell slightly to 4.8% in the three months to March, down from 4.9% in February, the Office for National Statistics said. The ONS said there were "early signs of recovery" in the jobs market, However, despite the rise in job vacancies over the past 12 months, the level remains almost 128,000 below its pre-pandemic level in the January-to-March quarter of 2020.