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Confidence in the Economy, but what about Recruitment?

The business organisations, the CBI and the British Chambers of Commerce have said that the UK economy is in good health after growing 0.8% in the first three months of 2014. The CBI’s recent growth report pointed to retail sales, as well as professional and consumer services doing well with overall growth reaching a record high in May, and the BCC upgrading its growth forecast for 2014 considerably from 2.8% to 3.1%.  Clearly this is encouraging news and cause for UK businesses to invest in their growth by recruiting more of the right people. However, that’s not so easy.

We are finding that although economic confidence is returning to the UK plc, potential candidates are not confident enough about the future to be proactively looking for a new job after years of economic uncertainty. The candidates, who we have uncovered through our Search & Selection process, have fed back to us that although they would contemplate a job move, they feel uneasy about moving into the unknown. It seems they were not alone, employee turnover peaked in 1998 at 4.5% and declined gradually over the period 1998 to 2007 before falling sharply in 2008 and 2009 and levelling off subsequently.  Therefore, it may take a while before people feel confident enough to proactively look for a new job. However, the economy is improving and companies are recruiting, but this lack of confidence in candidates makes finding candidates more difficult. It’s like trying to find a potential wife in an empty room!

This is where our complete Search & Selection service really makes a difference. We do not wait to be contacted by a candidate. When we have a recruitment brief from a client, our researchers analyse who may be a good fit in terms of skills, experience and culture for that vacancy. We proactively approach those potential candidates talking them through the opportunity and assessing their interest in finding out more. If the potential candidates are interested, we meet up with them to brief them more fully and to assess whether we believe that they are suitable for the role. It’s our ability to actively seek out the candidates, whilst assessing their suitability, which really sets us apart. To find out more about how we work contact us here.

Our Thoughts