Home News Hiring Will Be Returning to ‘Normal’ by January in UK

Hiring Will Be Returning to ‘Normal’ by January in UK

Hiring Will Be Returning to ‘Normal’ by January in UK

Hiring activity in the UK could return to “normal” levels as soon as January 2021, following a tricky few months in the market due to coronavirus-induced caution.

Hiring across the UK hit lows of -68% in April, as many companies slammed the breaks on business decisions amid wide-reaching lockdowns, according to research carried out by jobs website Adzuna.

Those levels have rebounded somewhat since, but remain 31% below levels seen pre-pandemic.

Despite this positive data, job ad resurgence may be offset by a doubling of unemployment rate by year end. The Bank of England (BOE) forecasts unemployment to hit 7.5% by January.

Among winners of the jobs rebound are the North East, Midlands and South West, where numbers have recovered fastest. London has lagged behind as its hiring stagnated.Hiring activity in the UK could return to “normal” levels as soon as January 2021, following a tricky few months in the market due to coronavirus-induced caution.

“I’m feeling increasingly optimistic that, after a dreadful spring and summer for the UK job market, we are beginning to see a sustained recovery in hiring,” said Andrew Hunter, co-founder of Adzuna

“There are definitely tough times ahead – we anticipate unemployment to significantly worsen as we move into winter, the job market will become more competitive and it’s clear that many sectors are keeping a lid on hiring while we battle the second wave of the virus.

“Confidence is key to getting Britain hiring again, and that will come from keeping the virus at bay, a strengthening economy and continued government support for our businesses big and small.”

Adzuna’s study found a huge variation between sectors, with an understandable 10-year high in logistics and warehouse jobs. Manufacturing and cleaning were also strong.

In travel and graduate jobs the outlook is bleaker as hiring in both of those sectors is down more than 50%.

New restrictions mean vacancies in hospitality and catering are also on a cliff-edge with the potential for vacancies to fall further to 75% below normal levels by summer 2021.

 

 

 

Eskalera, a Startup Led by Goldman Sachs’ Former HR Head Has Launched a Diversity and Inclusion Index

Eskalera, a technology startup led by Goldman Sachs former human resources head Dane Holmes, has launched an index to measure corporate diversity and inclusiveness,...

HSBC to Remove 35,000 Jobs Amidst Covid-19 Crises

HSBC Holdings Plc has restarted cutting as many as 35,000 jobs, three months after the coronavirus outbreak forced it to pause a long-awaited overhaul...

Genpact Offers Its Internal Skill Training Program Globally for Everyone

Genpact has announced Adapt and Rise, a role-based online learning platform that leverages Genpact's expertise honed from delivering real-world change for hundreds of clients....

San-Francisco Based Learning Platform Degreed Has Raised $32 Million in New Funding

The upskilling platform, Degreed, has announced $32 million in new funding in direct response to overwhelming demand for better skill insights, talent mobility, and...

Research Shows the Implications of Workplace Layouts on Employee Productivity and Overall Performance

As some workplaces prepare for the gradual return of employees and overhaul office layouts and seating plans, research has shown this could also have...

Employee Concierge ‘Back Technologies’ Integrates Automation Into Internal HR and Other Support Tasks

Companies are under increasing pressure to automate workflows and digitally service their employees, particularly in light of trends toward remote work. It takes an...

HR Strategies to Help Your Business Navigate the New ‘Normal’

No business is immune to the massive changes resulting from the health crisis. Organizations have proven themselves to be agile, and employees have demonstrated...

The Importance Of Diversity And Inclusion In HR, Hiring, Talent Management: Thoughts From A Top Expert

Michael C. Hyter is one of today’s best-known experts on inclusion and diversity and the author of The Power of Choice: Embracing Efficacy to Drive Your Career and The...

HR Expert Highlights Actionable Steps to ‘Make Real Change’ Against Racism in Your Workplace

Kyra Leigh Sutton, Ph.D., is a faculty member at the Rutgers University School of Management and Labor Relations, where she teaches human resources courses...

Adidas Employees Want Company to Investigate HR Chief for Response to Racial Issues

A group of Adidas employees from around the globe is asking the company to investigate its chief human resources officer, as part of a...