Brexit Uncertainty Grips Recruitment Market
Posted 21st February 2019 in News For Businesses
Brexit uncertainty has led to a fall in candidate availability, a new report by the KPMG/Recruitment and Employment Confederation (REC).
According to REC chief executive Neil Carberry, the candidate shortage “emphasises the need for pragmatism on immigration and a clear post-Brexit transition period”.
Compiling responses from 400 UK recruitment and employment agencies, the report showed that workers taking permanent roles saw a decline in January for the first time since 2016.
The largest increase in demand for permanent staff was seen in the accounting sector, followed by the engineering and IT sectors.
“This is the first month since July 2016 where permanent placement numbers have dropped, with weaker – but still positive – performance for temporary roles, and the lowest rate of vacancy growth for over two years,” stated Carberry.
“But we should be careful not to overreact – employment rates are high, and the performance of our labour market overall is still strong. We also know that key sectors such as accounting, engineering and IT are facing shortages.
“That said, the survey results are a sharp reminder to politicians in Westminster and in Brussels of the need to provide businesses with clarity about the path ahead, so they can invest with confidence.”