Your monthly round up of key news that will impact your people
 
Visit our facebook pageVisit our twitter pageVisit our linkedin page
 
 

Good afternoon 

It is good to see that UK firms are more upbeat about hiring and investment after the Brexit delay but the labour market is still stagnating as most workers are avoiding moving jobs.  Although we have record employment levels (interestingly fuelled by the over-50s), talent acquisition still remains a stumbling block for many SMEs in the UK.  Here we bring you the latest round up of key news that will impact your company.


Warm regards from the team at ETS

 
 

UK firms more upbeat on hiring and investment after Brexit delay

Employers in Britain have turned more confident about hiring and investing after the extension to the Brexit deadline which has also reduced their worries about the outlook for the economy. The Recruitment & Employment Confederation (REC) said its Jobs Outlook survey showed an increase of four percentage points in confidence about hiring and investment decisions which returned to positive territory at +1. "Today's survey shows that businesses believe in their own prospects and are ready to grow if the pall of economic uncertainty is removed," Neil Carberry, Chief Executive of REC, said in a statement. Confidence in Britain's economy improved but remained negative at -26. Hiring intentions for temporary agency workers continued to rise.

Read more

Over-50s ‘driving UK’s jobs miracle’

The UK’s record employment boom is being fuelled by older workers in their 50s and 60s, part of a wider long-term trend that could see older age groups dominate the labour market.  Despite political uncertainty over Brexit hanging over the economy, official figures reveal around 33 million people in the UK are now in employment, or 76% of those eligible for work, an all-time high. 

 

Of the 357,000 new jobs added to the economy in the 12 months to April, over 300,000 of these were given to workers over the age of 50. By comparison, the number of workers aged under 24 dropped by 43,000, while those aged 65 or older rose by 80,000, at least in part resulting from the rise in the state pension age.

Read more
 
 

Salary survey for key positions

 

Jun-19

% change

Design Engineer

£44,908

1.19%

Graduate Engineer

£31,962

3.36%

Project Engineer

£46,667

-0.31%

Sales Engineer

£36,364

2.79%

(Source Adzuna)

 

 

Jun-19

% change

Design Engineer

£29,096

0.75%

Project Engineer

£32,682

0.25%

Sales Engineer

£31,252

0.43%

IT Helpdesk Support

£19,563

2.69%

(Source Payscale)

Most workers avoiding moving jobs due to low pay

More than half (57 per cent) of UK workers are not moving jobs because the salaries on offer are too low, research has revealed, pointing to a vicious cycle of wage stagnation and lack of labour market movement.  The survey of 2,000 UK workers by CV-Library found that despite not changing roles or organisations, 87 per cent were actively seeking alternative employment and 71 per cent were nevertheless confident about their job hunt. Meanwhile, three-quarters (74 per cent) of the 200 UK employers also surveyed as part of the research said they planned to increase their hiring efforts in the next six months, however the jobs site suggested these plans may not come to fruition if they fail to provide the financial rewards employees are looking for. 

Read more
 
 

Instinct over insight… 

Almost half (46%) of organisations in the UK still rely on ‘instinct and gut feel’, rather than hard data and insight, when it comes to assessing current skills within the organisation and identifying skills requirements. This is despite the fact that the vast majority (83%) of HR and recruitment leaders regard data and insight as critical to improving recruitment and talent acquisition, and 81% admit that they need more visibility into current skills within the workforce. New research launched today by Capita Resourcing reveals the vast potential for data and insight to transform recruitment and deliver the skills businesses need now and in the future. Remarkably, 50% of HR and recruitment leaders believe that at least half of all skills gaps within their organisation could be addressed by better use of data, and 45% believe that data and insight will enable them to predict future skills gaps before they become problematic.

Read more

Evolving Talent Acquisition strategies in new age world

“The war for Talent” was a term used by Mckinsey as early as in 1997 and thereafter several books have been written on the subject by various renowned authors. In today’s world technology plays an important role in this battle of acquiring talents.  Technology has had such a large impact on every sphere of our world that the new age world has become synonymous with technology. Today youngsters get exposed to latest technology platforms right during their early days of childhood. From the perspective of attracting new talents, technology certainly opens up a completely new way of reaching out to the new geeks of the town along with additionally engaging with them early without even putting much investment in physical resources.

Read more
 
 

UK SMEs are now valued at £3tn

New research published today finds that the typical UK SME is worth more than £2.9m and that company valuation is something that two-thirds consider to be a huge priority; something they think about all the time.  Business owners cited their premises, product and people as key factors that contribute to company value. Whilst company valuations are clearly a high priority, less than a third of businesses increased in value by more than 10% in the last 12 months. Owners ranked a lack of appropriate finance options as the largest hurdle in raising value and growing their businesses. Companies in the engineering, architecture and construction sectors felt this the most. In contrast, companies in the finance sector ranked skills shortages as their greatest hinderance.

Read more »

Book Corner

Reboot: Leadership and the Art of Growing Up by Jerry Colonna

One of the start-up world's most in-demand executive coaches - hailed as the "CEO Whisperer" (Gimlet Media) - reveals why radical self-inquiry is critical to professional success and healthy relationships in all realms of life. Jerry Colonna helps start-up CEOs make peace with their demons, the psychological habits and behavioral patterns that have helped them to succeed - molding them into highly accomplished individuals - yet have been detrimental to their relationships and ultimate well-being. Now, this venture capitalist turned executive coach shares his unusual yet highly effective blend of Buddhism, Jungian therapy, and entrepreneurial straight talk to help leaders overcome their own psychological traumas. 

 
 

Is flexible working the future?

Sitting at a desk in an office from 9 to 5 is no longer the default; the face of the global workforce is changing and with it are its needs. This highly skilled, flexible-working trend has employer repercussions… make sure your company embraces the demand for flexible working and reaps the rewards.  Employers may find that their staff start to look for jobs elsewhere if they don’t offer them a position with the right work-life balance.  Here we will look at the facts, the benefits, the legislation and the challenges….

Read more >

The problem of giving up on filling that vacant position

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

Watch now »
 
 
08700 702246
Archway Barn, Whiteway Farm, Cirencester, Glos., GL7 7BA
ri@ets-technical-sales.co.uk
Copyright © 2019 - ETS Technical Selection, All rights reserved.
 
Unsubscribe - Subject access request - View online