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Good afternoon 

Here we bring you the latest snapshots of the industry - not surprisingly, the number of job vacancies is still exceedingly high but of more interest is the fact that more than 70% of the net annual increase in people in work over the past year has gone to people aged 50 or over.  A sign of the times?

 

We wish you a very happy break over the Easter weekend.


Warm regards from the team at ETS

 
 

Unemployment across UK shows slight fall

Unemployment fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show. The number of people in work was also virtually unchanged at a record high of 32.7 million, with a jump of 179,000. The figure has increased by 457,000 over the past year, all among full-time employees and the self-employed. Average weekly earnings, excluding bonuses, had an estimated rise of 3.4%, before adjusting for inflation. When adjusted for inflation, pay, including bonuses, increased by 1.5% on the year, the highest figure since the summer of 2016. The UK's unemployment rate of 3.9% is now lower than at any time since the end of 1975.

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Older workers and women returners emerge as winners from jobs boom

More than seventy per cent of the 457,000 net annual increase in the number of people in work over the past year has gone to people aged 50 and over according to the latest official labour market statistics. In addition, a relatively large proportion of women aged 25-34 account for the sharp increase in employment over the past year, which has been driven in part by a relatively steep decrease in the number of economically inactive women who have found employment. Gerwyn Davies, senior labour market analyst for the CIPD, said: “A possibility is that employers are being forced to widen their recruitment channels and make work more accessible in response to the tightening labour market."

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Salary survey for key positions

  April % change
Design Engineer £44,776  1.4%
Graduate Engineer £30,765 -1.4%
Project Engineer £46,831 -0.1%
Sales Engineer £34,967 1.2%

 

(Source: Adzuna)

  April % change
Design Engineer £28,859 0.2%
Project Engineer £32,545 0.2%
Sales Engineer £31,446 0.4%
IT Helpdesk  £18,988 0.1%

 

(Source: Payscale)

SMEs predict UK recession as Brexit bites

More than half (57%) of small and medium-sized enterprises (SMEs) believe the UK economy will fall into recession this year. This is according to the latest SME Confidence Tracker from Liverpool-based independent financial services provider Bibby Financial Services (BFS). In line with this belief, confidence among SMEs has declined by 5.6 points year-on-year, with UK businesses experiencing their least confident start to a new year since 2014. This has had a knock-on effect on investment decisions, with the average amount of capital SMEs plan to invest in their business falling for the fourth consecutive quarter, from £103,648 in the first quarter of 2018 to £64,600 in the first quarter this year.

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10 human capital trends you must know about in 2019 and beyond

Deloitte’s 2019 Global Human Capital Trends report collated responses from nearly 10,000 HR and business leaders in 119 countries to identify 10 human capital trends. These have been divided into three actionable categories: future of the workforce; future of the organisation; and future of HR. The number-one trend for 2019 is the need for organisations to change the way people learn; 86% of respondents cited this as an important or very important issue. 

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Why leaders must balance technical expertise with soft skills

Soft skills matter in the workplace just as much as technical expertise, writes Samantha Caine, Managing Director of Business Linked Teams. For too long technical expertise has been seen as the marker of a strong candidate for development into a sales or leadership position. Sales and leadership candidates are tasked with demonstrating a diverse and wide-ranging set of technical skills, yet their aptitude in these technical skills or ‘hard skills’ cannot signify great leadership potential. This is why a healthy balance of soft skills and technical ability is required.

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No-deal Brexit: Impact on employment law

While a range of outcomes, including a departure under the terms of the current Withdrawal Agreement, remains possible, it is important for businesses to plan for a no-deal Brexit, in which the UK leaves the EU without a withdrawal agreement or other deal. Here we look at the potential impact of a no-deal Brexit on employment law.

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Book Corner

The Making of a Manager: What to Do When Everyone Looks to You by Julie Zhuo  The Making of a Manager is a management field guide, with examples and practical insights. Learn to hire the right people, build trust through reports, and find where to look when you lack the answers. Learn what’s needed to elevate average management and produce exceptional management.

 
 

The problem of giving up on filling that vacancy

9 out of 10 employers are struggling to recruit the skilled staff they need. Make sure you are not one of them.

Watch now »

Emotional intelligence

What is emotional intelligence and why is it so important? This short video shows what it actually looks like in day to day life.

Watch now »
 
 
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