Post on 06 February 2023

Quarterly Recruitment Outlook: Highest level of recruitment difficulties on record

The data for the leading business group’s Quarterly Recruitment Outlook (QRO) for Q4 2022 was drawn from a survey of more than 5,600 businesses, 92% of whom were SMEs.

Attempted recruitment in Q4 remained virtually unchanged from the previous quarter, with 61% of firms looking to find staff (62% in Q3 2022).

Overall, over eight in ten firms (82%) attempting to recruit reported recruitment difficulties, up from 76% in Q3.

While the problem is persistent across all sectors, firms in the hospitality sector are most likely to face challenges when recruiting, with 87% reporting difficulties. This is closely followed by the manufacturing sector on 85%, and the construction sector; professional services; and public, education, health sector all on 83%.

The recruitment pressure points vary across sectors. For firms who struggled to recruit in the construction sector, 73% faced difficulties in finding skilled manual/technical workers. However, for hospitality businesses that struggled to recruit, 70% faced difficulties in finding semi/unskilled workers.

Investment in training remains low; less than a quarter (24%) of firms reported an increase in their investment plans over the last three months. 60% reported no change to their plans, while 16% of firms reported a decrease.

Responding to the findings, Director of Policy and Public Affairs at the British Chambers of Commerce, Alex Veitch, said:

“Today’s findings reveal that British businesses are facing the highest level of recruitment difficulties on record.

“Instead of seeing any easing of our extremely tight labour market, this issue only continues to head in the wrong direction.

Read the whole article.

Source : British Chambers of Commerce.