Job Market Insights – November 2020

With the coronavirus pandemic having a big impact on the UK job market, it’s important for business leaders and job seekers alike to keep up-to-date with what’s happening.

So far this year we’ve seen the power shifting back to employers after a substantial period of being candidate-led. While vacancy numbers plummeted back in March, there are now encouraging signs of recovery and increasing employer confidence in hiring efforts.

While we’re yet to find out if the latest lockdown will put a dent in this recovery, we’re hopeful that vacancy numbers and employer confidence will continue to rise into next year.

Click here to view our Job Market Insights Report for November 2020.

Here are some key statistics that we highlight in our report:

• Job applications were up by 10.5% across the UK in September.
• The number of advertised vacancies were down by 27.5% year-on-year.
• While job numbers are much lower than a year ago, they are picking up every month. In fact, vacancies rose by 30.9% in September compared to August.
• Nearly two-thirds (61.4%) of employers plan on offering flexible working to their employees following the pandemic.
• More than half of UK workers – 53% – plan to make changes to their careers in the next 12 months as a direct result of the coronavirus pandemic.

If you’d like to discuss any of the findings in this report or your current recruitment plans, please get in touch with Bridgewater Resources on 0161 804 8437.

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