Job vacancies have hit their highest levels since records began with more than one million jobs up for grabs. The void has been created by Britain's departure from the European Union and Covid-19 restrictions, which some claim will have lasting damage on the labour market.
However, the rebound in hiring has also been met with a spike in jobseekers. Back in March 2020 there were 1.2 claimants per vacancy, but this has now almost doubled to 2.2 claimants per role in June 2021, according to new analysis from the Institute for Employment Studies. On the one hand it is great to see vacancy levels are back at a pre-pandemic peak. But on the other hand, there are still significantly more claimants chasing every job than before the pandemic, with more than eight jobseekers per job in over 40 local authorities.
This brings an underlying concern for the UK jobs market into sharp focus - many of the people currently out of work aren't matching up to the jobs on offer, despite an acute talent shortage. Therefore, we’ve gone from talking about an unemployment crisis to a ‘recruitment crisis’. But in reality, we’re facing a bit of both – with many of our clients struggling to fill jobs at the same time more than two millions people are struggling to find work.
The last 18 months have been transformative for the UK jobs market. Therefore, we’re consciously making an effort to work with our training partners to help our candidates develop the skills required to access the jobs now available. For instance, helping our candidates access ‘so called boom’ sectors’ such as tech, care, manufacturing, and logistics.
If you have hard to fill jobs please get in touch, our high-quality (agile) candidate pool is expanding all the time and ready to take on new challenges.