The number of people in employment in the UK rose between March to May 2017 and June to August 2017, according to the Office for National Statistics (ONS).
It was found that there were 32.1 million people in work, which was 94,000 more than for March to May 2017 and 317,000 more than for a year earlier. This meant the employment rate was 75.1 per cent, an increase from the 74.5 per cent seen a year earlier.
Minister for employment Damian Hinds said: “We’ve boosted the income for people on the lowest pay by increasing the National Living Wage and delivered the fastest pay rise for the lowest earners in 20 years. That’s great progress and we’re determined to help more people flourish in the world of work.”
The unemployment rate was found to have fallen to 1.44 million, but vacancies rose, meaning the ratio of job seekers to jobs fell to 1.9. This is the equal lowest figure since records began in 2001.
With the numbers of people in employment rising, it is becoming increasingly difficult for employers to find the best candidates for their vacancies. It means that companies will have to ensure they are implementing strong recruitment strategies in order to attract candidates who are already employed elsewhere.
One way in which companies can set themselves apart from competitors is to ensure they are offering desirable salaries. According to the ONS’ Labour Force Survey, real wages are continuing to fall. Average weekly earnings fell by 0.4 per cent excluding bonuses, compared with a year before.
Recruitment and Employment Confederation chief executive Kevin Green said that, as a result of the “diminishing pool of available candidates, employers are willing to offer higher salaries or hourly pay rates when advertising for new hires, meaning the best way to secure an above inflation pay rise might well be to move jobs”.
He went on to say that businesses are only capable of growth if they have access to the people and skills they need. He called on the government to do “all it can to support employers” at a time when the supply of available workers is falling, “exacerbated by a declining rate of net migration”.
Posted by Jon Aspinell on 19th October 2017
Content Manager - £35,000 - London
£32000 - £35000 per annum
Content Manager - up to £35,000 - London. The Ashdown Group has been engaged by a highly successful and progressive p...
Kingston upon Thames, Surrey
This is an excellent opportunity for an experienced Billing Administrator or Billing Clerk to join a global leading c...
City of London, London
£20000 - £30000 per annum + superb benefits
A market leading financial services company providing private equity and fund administration are looking for an Appli...
Group Marketing Manager
East Sussex, England
£60,000 per annum
Group Marketing Manager - Mid Sussex (accessible from Brighton, Uckfield, Heathfield, Crowborough,Tunbridge Wells) - ...
East Sussex, England
Marketing Manager - Mid Sussex - £40,000 - £50,000 (DOE) plus excellent benefits including company car! Reporting to ...
Graduate Developer (ASP.Net/SQL)
£25,000 per annum
A well-established multinational business based in Dartford is looking for a personable graduate to join its team as ...
How can you ensure cohesive communication with a team of remote workers?
Remote working is becoming increasingly adopted by organisations across the globe - whether that takes the form of an...
Can HR tech ease workplace conflict?
Workplace conflict is mostly unavoidable - particularly when businesses hire strong-minded talent with big ideas. Ego...
What to prioritise in your employee experience
The candidate experience has long been valued by employers looking to attract fresh talent. Now, however, companies a...
From communication to drive: The importance of soft skills
Soft skills are often difficult to quantify, yet they can become an absolute necessity for your business to reach its...
Only one in three workers say their employers offer training
Just one-third of workers report that their employer offers regular training opportunities, a new poll by the Trades ...
How can you encourage an inclusive work environment?
Inclusivity in the workplace is an ideal most astute businesses strive for. Making employees feel comfortable and val...