The net balance fell from +6% last month to -3% in the latest report, as 31% of employers now expect the economy to worsen and just 28% expect it to improve.
Employers are still looking to hire, with one in five (19%) planning to increase permanent headcount in the next three months.
The report also showed that:
– 40 per cent of employers have no spare capacity and would need to recruit to meet additional demand
– More employers express concerns about a lack of appropriate candidates for construction jobs (both temporary and permanent) than any other area.
REC chief executive Kevin Green commented:
“The jobs market continues to do well despite growing uncertainty. However, this drop in employer confidence should raise a red flag. Businesses are continuing to hire to meet demand, but issues like access to labour, Brexit negotiations and political uncertainty are creating nervousness. Employers in the construction sector are especially concerned as they rely heavily on EU workers to meet the growing demand for housing and to support the government’s infrastructure plans. The added factor of dropping consumer confidence is putting some businesses on edge. If people reduce their spending, businesses will be impacted. The government must do more to create an environment where businesses have clarity. That means clearly laying out what Brexit plans look like and how employers can keep recruiting the people they need from the EU. The jobs market is in a good place but employers will only continue to hire and invest if they feel assured about the future.”
Commenting on the latest REC JobsOutlook survey, Robert Bond, Director of Bond Williams Professional Recruitment says:
“In light of the recent JobsOutlook survey from REC we can see that many organisations are concerned about the situation and uncertainties surrounding Brexit and are being faced with difficulties finding the right skills required to adapt to changes in our economic climate. It’s important that employers start to view recruitment as an investment to their workforce for the long-term and make it a priority to build the skills, training and development needed for their employees.”
Robert Bond FIRP
Rob has a background in Sales and IT recruitment with over 25 years of experience in these sectors. He heads up the IT and Accountancy Divisions of Bond Williams and is also responsible for Bond Williams internal Operations and Finance. Alongside Claire, he is responsible for the overall growth and …