2016 1st quarter employment outlook
With the UK skills shortage still continuing to gain momentum in 2016, Appointments takes a look at the recruitment landscape for the first quarter of the year and reveals areas where recruitment is set to skyrocket.
The hiring intentions of UK employers as a whole remain stable in the January to March period, with many maintaining their current staffing levels and 8% seeking to increase their workforce. This shows an increase in recruitment of 2% on the previous quarter leading up to the end of 2015.
Payrolls are forecast to increase in the first quarter across micro, small, medium and large business sizes with recruitment increases of between 4 and 11% respectively.
Of the twelve regions throughout England, Wales, Scotland and Northern Ireland, eleven are set to increase staffing levels in the forthcoming quarter.
The labour market is set to be the strongest in the South East, with a Net Employment Outlook of +12%. Payroll gains are also expected in the North West (+11%), +9% in the East, London, the North East, South West & Wales. The Midlands area is set to improve on the previous quarter’s results by 6%, meaning that the fight to engage quality candidates in this area will become tougher still in 2016.
Of nine industry sectors covered, eight are planning to increase their staff levels. The strongest sector for hiring is the financial sector who seek to increase payroll by 10%, followed by the transport and communications sector at 9%. The outlook for he Manufacturing sector, the Community & Social sector and the Hotels & Retail sector anticipate gains of 5% whereas the construction sector bucks the trend by reporting a decrease of 2%.
Overall the recruitment outlook for the beginning of 2016 remains positive, and due to the continuing need for skilled candidates employers are urged to consider their own recruitment strategy to ensure that they do not find themselves facing a staff shortage that will hinder growth and put unnecessary strain on their existing workforce.