what's happening in the job market- tom hadley (rec)

People are not your

most important asset.

The right people are.

Jim Collins, Business Author

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WHAT’S HAPPENING IN THE JOBS MARKET?

Tom Hadley – Recruitment & Employment Confederation

Tom Hadley, Director of Policy &

Professional Services, REC

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

3,500 members covering 19 specialist sector groups

All members must sign up to the Code of Professional Practice and pass

mandatory compliance test

Individuals can become members of the Institute of Recruitment

Professionals (IRP)

We are… The professional body for the

UK recruitment industry

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Who we work with…

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Question #1

What are the

latest market

trends?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

#1 What are the latest market trends?

• Number of placements have increased

for 36 consecutive months (Report on

Jobs);

• Demand is strong across most sectors

and regions although rate of growth is

slowing;

• What are the specific trends in

Hampshire & the wider South West?

• What are the specfic high demand roles

in the region?

• Strong demand is driving salary growth;

• 80% of employers plan to increase staff

in the next 3 months (Jobs Outlook).

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Question #2

What are the

drivers?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

#2 What are the drivers?

• 94% of employers have little or no spare

capacity to accommodate any form of

increase in demand;

• Staff availability continues to deteriorate –

Last Report on Jobs shows sharpest fall for

over a year;

• Almost three quarters (73%) of hirers say

main driver for using agency workers is short-

term access to key strategic skills.

• Individual workers are also a key driver….

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

“We are reviewing how we bring in new skills and increase

diversity. We

will need to replenish 15-20% of the current workforce. Most of

these

jobs will be in highly skilled technical roles”.

Director of Regulation at EDF Energy

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

I - What’s going on?

The worker perspective…

• More than one in three people

(36%) have worked as a

contractor, freelancer or agency

worker at some point in their

career …

• 41% are considering working that

way in the future;

• BTW, 22% now earn > £50k

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Question #3

Do policy makers

recognise the

changing world of

work?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Possibly not…

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Which results in the regulatory roller-coaster

• Pensions auto-enrolment

• Agency Worker Regulations (AWR)

• Increased focus on illegal working

• Disclosure & Barring Service (DBS)

• Taxation issues – Eg VAT schemes in

the NHS, Travel & Subsistence

schemes, IR35

• Review of the ‘Conduct Regulations’

(including Reg 7)

• Zero-hour contracts

• Gender pay reporting

• National living wage

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Question #4

Can we recruit and

manage our

workforce better?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

How are recruitment models evolving?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

What does good recruitment & employment

look like?

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Charter Principles

1. Our recruitment procedures are fair, legal and ethical

2. We will exercise recruitment good practice despite mode of employment

3. The candidate experience delivered is of a high standard

4. Flexible working arrangements and adaptive working packages

5. Those managing and delivering the recruitment process having undertaken

any relevant training/qualification

6. External recruitment providers are signed up to industry Codes of Practice

7. Recruitment good practice is ensured throughout the supply chain

8. Recruitment procedures help to address the challenge of youth

unemployment

9. Recruitment procedures are regularly reviewed and feedback sought from

candidates

10. That we ensure we keep abreast of trends and recruitment practices

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

• Only 32% of people think majority of

business behave ethically

• Only 53% of people believe

business makes a positive

contribution to society

• Key is to talk up the role of biz, eg re

jobs…

The context: Business as a brand

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

Final thoughts…

www.rec.uk.comRecruitment and Employment Confederation

Jobs transform lives, which is why we are building the best recruitment industry in the world.

www.rec.uk.comTom.Hadley@rec.uk.comTwitter@HadleysComment

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