The period of uncertainty expected following the UK’s decision to leave the EU came with the possibility of a depletion in business confidence.
George Osbourne, reported an “immediate and profound economic shock”. The treasury went further to report that GDP growth would be stunted by 3.6% leading to 520,000 less jobs, average wages falling by 2.8% and house prices would be hit by 10%.
As a company in a very ‘recession-sensitive’ industry, this is something we have kept a close eye on since June 24th both internally, with existing clients and across the market.
Internally we have seen an uplift in new roles added to our platform of 23.6% and a significant (14%) uplift in further reposting of volume based positions (clients requiring the hiring of 5 or more candidates per advert).
We supply heavily into the SME market and have conducted research across our client base to gauge business confidence. We found:
Across the market, much of the same can be found. REED report that 83% of their client base have no plans to freeze recruitment and have found an 8% increase in new jobs added. James Reed Chairman of the £1b turnover recruitment company was quoted as saying:
The vote hasn’t affected things. People are still hiring and there are lots of opportunities
The majority of reporting and data analysed above came prior the Prime Minister’s appointment and selection of her new cabinet. We are hopeful that as further examples of certainty prevail we will see further increases in economic confidence and the opportunity to help more and more clients fill any role for £139 or less!
I have worked with That Recruit for the last four months to find suitable candidates for Abacare, our award winning care business. That Recruit recognise the need for our business to attract quality candidates to care for our service users in the comfort of their own home. I have found them to be helpful and reactive to our business needs and look forward to our continued working relationship.
Quantity of applicant received was tremendous. Required a lot of sifting but evident that the advert reached a broad spectrum of candidates.
We are happy with the service and quality of applicants.
We usually use recruitment agencies, however for this particular vacancy it seemed more appropriate to try a cheaper recruitment option. In setting up the initial advert it was very easy and quick, and the staff at ThatRecruit were very helpful and efficient in coming back to me and in authorizing the advert. The software to manage the vacancy was easy to use and the ability to mark candidates with a status was helpful. As an improvement it would be useful to be able to select all those marked as rejected and be able to bulk message them with a decline message or have an option to allow the candidates to see their status. Overall it’s been easy to manage this recruitment placement through ThatRecruit and we had an exceptional response to the advertisement with 72 applicants and having to close the advert early.
The process was easy to manage and we received a high number of responses.
Thanks again for your fantastic service don’t change anything it works great!