For the first time since records began vacancies in the UK are outstripping the number of people seeking work.
Vacancies reached 1.3 million in February-April 2022, 499,000 more than pre-pandemic levels. Labour shortages are becoming a persistent feature of the market and the expected post-pandemic rush back into the office hasn’t happened. Competition for talent is fierce at the moment as employers face new challenges including:
- rising economic inactivity
- candidate expectations of their employers
In this labour trends report, we look at some of the causes of this tight labour market,
discuss the impact on businesses and employees, and consider what employers can do to attract talent in this challenging climate.