As we enter 2023 in a recession, the difficulties businesses saw over the last 12 -18 months with talent shortages post Covid are potentially set to get worse.
The REC (Recruitment and Employment Confederation) have recently published a report which indicates that recruiters are being told that people feel anxious about moving jobs in a recession and may favour job security or at the very least a higher length of service to protect against potential redundancies.
The job market is showing the lowest available vacancies since February 2021, perhaps except for the temporary labour market. Starting salaries are however still on the rise which in turn puts pressure on businesses to consider the real cost of replacement if they lose their current workforce.
So how do you navigate the challenges presented by the recession?
If you are recruiting:
Retaining your employees:
If you would like more support in these areas, then help is here! We have developed 2 new workshops which are ideal for business owners or line managers to attend on these very topics.
31st January – 9.00am – 12 noon
Successful Recruitment – how to get it right first time
23rd March – 9.00am – 12 noon
Retaining Top Talent in a Recession
Having worked within businesses as a Line Manager, I know first hand some of the frsutrations faced…