Kenect Recruitment has been looking beyond ‘increases in pay as the quick fix’ to help deal with current recruitment challenges.
A UK survey found that only 27% of companies anticipate raising pay to ease recruitment difficulties in the next six months.
UK employers’ hiring intentions remain high and above pre-pandemic levels, according to data released last month, but only 27% plan on increasing pay to help recruit in the future.
The Chartered Institute of Personnel and Development’s (CIPD’s) latest quarterly Labour Market Outlook found that almost three-quarters (74%) of employers are planning to recruit in the next three months. Only 6% of employers plan to decrease staff levels over the next quarter, the CIPD found.
However, it is still a tight labour market with almost half of UK employers reporting that they have hard-to-fill vacancies, and almost two-thirds anticipate problems filling vacancies in the next six months.
As shown in our previous post, figures issued from the UK government’s Office for National Statistics (ONS) revealed that the number of job vacancies from February to April this year rose to a new record of 1,295,000 — an increase of 33,700 from the previous quarter. The data for the past three months also showed an increase of 499,300 from the pre-pandemic level in January to March 2020.
Kenect Managing Director, Jason Whittenham said “Every client is unique, so it’s important to look into each situation independently and act accordingly”.
“If the ability to award pay rises is restricted, one solution could be to look at the total employment package. Financial wellbeing support can make a difference, as can revisiting the mix of benefits offered.”
If you’re unsure about how to progress with your future recruitment plans, give us a call on 0345 867 1230 or email us at enquiries@kenectrecruitment.co.uk. We’d be happy to help.
