Staff Shortages Finally Easing?
According to People Management Daily, 'Candidate availability has grown for the first time in 25 months alongside a marked increase in total vacancies, according to new data'. Could we finally be in a position where vacancies in hospitality and facilities are filled?
To summarise their report, the latest UK Report on Jobs survey, from the Recruitment & Employment Confederation (REC) and KPMG – and compiled by S&P Global – found that overall candidate availability has increased from an index rating of 50.2 in February 2021 to 51.4 in March 2023 – marking a 1.2 rise. It found the upturn was supported by “modest rises” in both permanent and temporary staff availability.
Natalie Evans, owner and director at Your People 1st, said the figures suggest a “great opportunity” for employers to up their game. “While it is promising that candidate availability is on the rise, the changing and challenging contexts we face today mean that candidates are making considered choices,” she explained.
“Candidates are now asking what's in it for them and wanting good places to work with options for flexibility and shared values.” This means that it’s a “great opportunity” for employers to “not get complacent and invest more in their employer brand to attract the best possible candidates from this wider pool”, Evans added.
Neil Carberry, chief executive at REC, said the “big news” in this report was the rise in candidate availability, but that the rising pay demonstrates “cautious optimism”.
On candidate availability, Carberry said: “This suggests that, while the market is still tight, it should be getting gradually easier for firms to hire over the next few months.
“The continuing fast rate of pay growth is likely reflective of the impact of inflation on wage offers, as well as low labour supply. That means increasing pay is likely to persist, despite more people beginning to look for work,” he added.
This “cautious optimism belies the scale of the challenge we face in tackling shortages and addressing economic inactivity”, Carberry said.
Latest News
Elevating Operational Efficiency: Red Box Consultancy Services Ltd. Empowering Independent Schools
Specialised Contract Cleaning
Dean Douthwaite Joins Red Box Conusltancy Services
Merry Christmas 2023 - from all the Red Box Team!
Unwrapping the Magic: Top Tips for a Stress-Free Christmas Lunch Preparation
The Brew Battle: Pros and Cons of 'Proud to Serve' Coffee Concessions vs. Non-Branded Coffee in Catering Facilities
Useful Links to Further Information
- THE BRITISH INSTITUTE OF FACILITIES MANAGEMENT (BIFM)- Founded in 1993, BIFM is a professional body for facilities management, both individuals and organisations.
- FIRST POINT ASSESSMENT (FPAL)- Is a supplier management community supporting the European oil and gas industry.
- THE CHARTERED INSTITUTE OF ENVIRONMENTAL HEALTH (CIEH)- A charity that is the professional and leading voice for environmental and public health and safety.
- INSTITUTE OF HOSPITALITY- A professional membership group that provides support and information for those who work or study in the hospitality and tourism industries.
- FOOD STANDARD AGENCY (FSA)- The governmental department responsible for food safety and hygiene throughout the UK.
- THE UNIVERSITY CATERERS ORGANISATION (TUCO)- TUCO is a professional membership group for in-house caterers within the higher education sector, and is one of the leading organisations of its kind in the UK.
- BRITISH HOSPITALITY ASSOCIATION (BHA)- An agenda-setter and members organisation for the hospitality and tourism industry that helps to promote the interest of operators, brands and owners across the hospitality and tourism sectors.
- ROYAL SOCIETY FOR PUBLIC HEALTH (RSPH)- An independent and multi-disciplinary charity who’s mission is to improve public health and wellbeing.
- INTERNATIONAL FACILITY MANAGEMENT ASSOCIATION (IFMA)- An international association for facilities management professionals, supporting 24,000 members in 105 countries.
