Industry & Company News

Every country in the world is experiencing growth in both the size and the proportion of older people in the population. People are living and working for longer. In the UK alone, people aged 50 years and over make up an increasing proportion of the workforce. Prior to the onset of the pandemic, almost a third of workers were aged 50 years and over (Living longer - Office for National Statistics - ons.gov.uk). Read the full article within.

Employer confidence growth slows markedly amidst uncertainty. Read the full report within.

The latest KPMG and REC, UK Report on Jobs survey signalled a further marked rise in hiring activity at the start of the final quarter of the year. However, growth of both permanent staff appointments and temp billings softened to a six-month low, as candidate shortages weighed on recruiters’ ability to place new hires. Overall candidate availability dropped sharply and at one the fastest rates on record. Total vacancies expanded at a slightly softer, but still robust, rate in October. Strong demand for staff and a steep fall in labour supply drove the sharpest increases in starting pay since the survey began in October 1997. Read the full report within.