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Thursday, May 2, 2024
A recent analysis conducted by Korn Ferry paints a grim picture: by 2030, over 85 million jobs worldwide could remain unfilled due to a scarcity of skilled workers. This revelation underscores the urgent need for action to bridge the gap between technological innovation and human expertise.
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Tuesday, December 12, 2023
In the ever-evolving landscape of the United Kingdom's labour market, the December 2023 report offers a glimpse into the recent shifts and trends that are shaping the nation's workforce. This comprehensive overview highlights both the challenges and opportunities that have emerged in the labour market.
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Monday, December 11, 2023
Overall, the recruitment and staffing sector generated Gross Value Added (GVA) of £41.3bn, which is up by 13.7% on 2021’s estimate in nominal terms. In real terms, accounting for high inflation, the sector’s growth between 2021 and 2022 was a healthy 5.9%. The main constraint on growth in year was shortage of labour and skills post-pandemic - without these shortages, the placement figures we report today could have been even higher.
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Friday, December 8, 2023
A weak economic outlook and greater caution among employers dampened recruitment during November, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. A sharper fall in permanent staff appointments combined with a fresh decline in temp billings, to signal a broad-based reduction in hiring activity. Concurrently, vacancies fell slightly for the second time in the past three months.
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Wednesday, December 6, 2023
Despite a slowdown in the employment market, a recent study by Tiger Recruitment has uncovered that 40% of UK professionals are gearing up to explore new job opportunities, primarily driven by the desire for higher salaries in the coming year.
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Wednesday, November 29, 2023
In a surprising turn of events, UK employers are displaying increased confidence in making hiring decisions and business investments, as reported by the Recruitment & Employment Confederation (REC) JobsOutlook. The period from August to October 2023 witnessed a one-point improvement, reaching a net positivity of +6.
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Friday, November 24, 2023
A recruiter’s success at helping people in an area with few opportunities to gain STEM skills and another’s work to get Ukrainians into work were among the winners at the Recruitment and Employment Confederation (REC) Awards last night.
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Friday, November 24, 2023
A new report from the Institute of Student Employers (ISE) reveals that the use of Artificial Intelligence (AI) by employers has tripled, marking a substantial increase in the adoption of technology to streamline hiring practices.
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Tuesday, November 21, 2023
In a landmark move, the Chancellor of the Exchequer, Jeremy Hunt, has announced a historic wage boost that will positively impact almost 3 million workers across the country. The National Living Wage, set to increase by over a pound an hour from April 2024, will result in a significant pay rise of more than £1,800 per year for a full-time worker.
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Tuesday, November 14, 2023
The latest labour market report for the United Kingdom reveals a persistent decline in job vacancies for the 16th consecutive period, spanning from August to October 2023. Despite this challenging vacancy landscape, the report highlights several noteworthy trends and indicators that provide a comprehensive understanding of the current state of the UK labour market.
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Tuesday, November 7, 2023
The world’s first AI Safety Summit took place last week on the 1 and 2 of November. The event saw 28 nations, technology experts, and leading tech companies gather in Bletchley Park, Milton Keynes, to discuss the impact, and potential threats of AI on the world.