The latest KPMG and REC, UK Report on Jobs survey for January 2024 reveals that recruitment intentions remained subdued as 2023 came to an end. Although permanent placements and temporary billings saw declines in December, the rates of decline were softer compared to November. The report highlights that employers maintained a cautious stance on hiring due to the weaker economic climate. Candidate supply continued to rise significantly, albeit at a slightly slower pace compared to November. Despite this increase in supply, competition for skilled workers led to higher starting pay rates in December. The report offers insights into the current state of the UK job market, with ongoing challenges and hopeful signs for the future.
KPMG and REC, UK Report on Jobs – January 2024
<a href="https://www.pexels.com/photo/buildings-with-glass-windows-351264/" target="_blank" rel="noopener">Expect Best</a> at Pexels