What's happening in the job market- Tom Hadley (REC)
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Transcript of What's happening in the job market- Tom Hadley (REC)
People are not your
most important asset.
The right people are.
Jim Collins, Business Author
”
“
2
2
WHAT’S HAPPENING IN THE JOBS MARKET?
Tom Hadley – Recruitment & Employment Confederation
Tom Hadley, Director of Policy &
Professional Services, REC
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
3,500 members covering 19 specialist sector groups
All members must sign up to the Code of Professional Practice and pass
mandatory compliance test
Individuals can become members of the Institute of Recruitment
Professionals (IRP)
We are… The professional body for the
UK recruitment industry
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Who we work with…
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Question #1
What are the
latest market
trends?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
#1 What are the latest market trends?
• Number of placements have increased
for 36 consecutive months (Report on
Jobs);
• Demand is strong across most sectors
and regions although rate of growth is
slowing;
• What are the specific trends in
Hampshire & the wider South West?
• What are the specfic high demand roles
in the region?
• Strong demand is driving salary growth;
• 80% of employers plan to increase staff
in the next 3 months (Jobs Outlook).
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Question #2
What are the
drivers?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
#2 What are the drivers?
• 94% of employers have little or no spare
capacity to accommodate any form of
increase in demand;
• Staff availability continues to deteriorate –
Last Report on Jobs shows sharpest fall for
over a year;
• Almost three quarters (73%) of hirers say
main driver for using agency workers is short-
term access to key strategic skills.
• Individual workers are also a key driver….
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
“We are reviewing how we bring in new skills and increase
diversity. We
will need to replenish 15-20% of the current workforce. Most of
these
jobs will be in highly skilled technical roles”.
Director of Regulation at EDF Energy
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
I - What’s going on?
The worker perspective…
• More than one in three people
(36%) have worked as a
contractor, freelancer or agency
worker at some point in their
career …
• 41% are considering working that
way in the future;
• BTW, 22% now earn > £50k
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Question #3
Do policy makers
recognise the
changing world of
work?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Possibly not…
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Which results in the regulatory roller-coaster
• Pensions auto-enrolment
• Agency Worker Regulations (AWR)
• Increased focus on illegal working
• Disclosure & Barring Service (DBS)
• Taxation issues – Eg VAT schemes in
the NHS, Travel & Subsistence
schemes, IR35
• Review of the ‘Conduct Regulations’
(including Reg 7)
• Zero-hour contracts
• Gender pay reporting
• National living wage
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Question #4
Can we recruit and
manage our
workforce better?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
How are recruitment models evolving?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
What does good recruitment & employment
look like?
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Charter Principles
1. Our recruitment procedures are fair, legal and ethical
2. We will exercise recruitment good practice despite mode of employment
3. The candidate experience delivered is of a high standard
4. Flexible working arrangements and adaptive working packages
5. Those managing and delivering the recruitment process having undertaken
any relevant training/qualification
6. External recruitment providers are signed up to industry Codes of Practice
7. Recruitment good practice is ensured throughout the supply chain
8. Recruitment procedures help to address the challenge of youth
unemployment
9. Recruitment procedures are regularly reviewed and feedback sought from
candidates
10. That we ensure we keep abreast of trends and recruitment practices
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
• Only 32% of people think majority of
business behave ethically
• Only 53% of people believe
business makes a positive
contribution to society
• Key is to talk up the role of biz, eg re
jobs…
The context: Business as a brand
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
Final thoughts…
www.rec.uk.comRecruitment and Employment Confederation
Jobs transform lives, which is why we are building the best recruitment industry in the world.
[email protected]@HadleysComment
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