Wednesday, 14 August 2013

Employment confidence is building every day

Coming on the back of last weeks’ news that construction is the leading sector showing growth in the jobs market, Pin Board is pleased to bring yet more encouraging news, as a new survey from the Recruitment & Employment Confederation (REC) indicates that over 56% of employers will hire more permanent staff during the next three months.  

This news confirms the feedback we have been receiving from our clients since Easter, and it finally seems the whole labour market is now feeling confident enough to start recruiting for growth. 

The latest JobsOutlook survey from the REC is based on the responses of 600 employees from the public, private and non-profit sectors and from a range of industries and organisation sizes. The survey also revealed that 49% of employers plan to increase their permanent workforce over the next four to twelve months.

REC director Tom Hadley says the survey shows that businesses “are more optimistic about the future than they were 12 months ago”.

The jobs market in England was given a further boost from the findings in the inaugural Job Confidence Index, commissioned by the National Careers Service. The results based on a study of more than 4,000 people in England, carried out by ICM Research, gives an overall job confidence score of 51.8 out of 100 (50 indicates neutral job sentiment). 

It seems that everywhere you look the balance is leaning towards a positive future, rather than the negative outlook shown earlier in the year.

Employees have understandably been concerned about the lack of stability in their current roles, and have also been reluctant to take the plunge and look for a new job. However, this feeling is beginning to change. 

The survey reveals that 74% have become more confident or maintained the same level of confidence in their ability to keep their current role or find a new job over the next three months.

Even more encouraging is that three-fifths of employed people feel that it would take them fewer than six months to find a new job that they wanted if they were made redundant, with 38% feeling they would need no more than three months.

The construction industry was also given a boost in the latest Markit/CIPS Construction Purchasing Managers’ Index which showed that the construction industry was in its third consecutive month of increased orders, and showing it highest level of activity for over three years.

The construction industry has felt the full impact of the recession over the last 5-6 years, and really deserves to reap the benefit of a sustained recovery. 

Pinnacle Consulting is a specialist construction sales and marketing recruitment agency, that actively supports manufacturers, merchants and distributors of building products and materials to find them high quality employees. If you are looking to add to your team, or if you are ready to start the next stage of your career development, contact us today on 01480 405225.

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