1. Talent and HR Solutions
Recruitment Insights 2016
An insight into recruitment
market trends for Summer 2016
2. Talent and HR Solutions
Unemployment levelling
The unemployment rate for those aged 16 and over for January to March
2016 was 5.1%. This was:
• unchanged compared with October to December 2015
• down from a year earlier (5.6%)
5.1%
3. Talent and HR Solutions
High employment continues
+28
4. Talent and HR Solutions
Private Sector Services top
+42
6. Talent and HR Solutions
Vacancies dropping
400
450
500
550
600
650
700
750
800
Vacancies
There were 745,000 job
vacancies for February
to April 2016. This was
18,000 fewer than for
the 3 months to January
2016, the largest
quarterly fall since April
to June 2011. However,
the number of vacancies
for February to April
2016 was 13,000 more
than for a year earlier.
8. Talent and HR Solutions
Mobile
of job
searches
on Mobile
60%
9. Talent and HR Solutions
Recruitment Insights 2016
An insight into recruitment market trends for Summer 2016
Mike Ellingham
Head of Marketing
ResourceBank
01952 281900
Mike.ellingham@resourcebank.co.uk
Editor's Notes
Source: CIPD LMO (Labour Market Outlook) employers survey – over 1,000 UK employers. Spring 2016. This latest report suggests that employment confidence will remain strong over the next three months, despite other survey indicators suggesting a softening in employment growth (Bank of England 2016). This quarter’s net employment balance – which measures the difference between the proportion of employers who expect to increase staff levels in Q2 2016 and those who expect to decrease staff levels – has risen to +28 from +21 since the LMO winter 2015/16 report (most of this increase is due to seasonal variation).
Employment confidence has risen across both the private and public sectors. At a sectoral level, it is perhaps no surprise that employment confidence is highest in the service sector (+42) given the recent solid output growth figures. However, it is a surprise that employment intentions are strong in manufacturing and
production (+31) given the slowing of output growth in manufacturing and production
Google is the top of the sources for all candidates in retail to find their next role. It is a clear indication of Google’s dominance of the UK’s internet search market that candidates will type their search straight into Google rather than visit specific job boards. Companies who are competing for candidates in retail must pay attention to where their vacancies appear on a Google Search in order to attract the highest number of candidates.
The second most popular method for candidates to find jobs is to search on specific retail company websites for open roles. Naturally companies with a well known brand will do well out of this – but they must make sure that the careers pages on their websites are easy to find, simple to search, list all the open jobs and make the application process clear and easy for candidates. With the growth of search volumes from mobile devices and tablets, companies must ensure that applying for jobs is easy from these devices as well as from traditional desk top PCs.
The third and fourth most favoured methods for finding a new job are Search on Jobboards and Register with a recruitment agency.
Candidates are least likely to use historic methods such as using retail magazines, local papers and attending careers fairs.
