UK Hiring Trends: October to December 2024

Since October, the UK has seen a 23% drop in job vacancies compared to last year, a decline steeper than in many other major economies. Key factors include:

• Weak economic growth: The economy has struggled to recover, with business confidence reaching its lowest point in two years.
• Rising costs for employers: A £25 billion increase in payroll taxes and a rise in the National Minimum Wage have added to business expenses.
• Cautious workforce planning: Many employers are holding back on hiring to mitigate risks associated with economic and political uncertainty.

Additionally, candidates are showing increased hesitation, with many choosing not to apply for roles due to concerns about job security and market volatility.

Global Hiring Trends: A Brighter Picture

In contrast, global hiring trends have shown resilience. Key highlights include:

• A 9% increase in job vacancies in October 2024, particularly in sectors such as retail, technology, and healthcare.
• Seasonal hiring and end-of-year budget allocations driving demand for professionals.

While the UK lags behind, global markets are demonstrating a more optimistic hiring outlook, focusing on growth and workforce expansion.

What to Expect: January to March 2025 – We don’t

have a crystal ball, but….

Looking ahead, the first quarter of 2025 presents both challenges and opportunities:

• In the UK, hiring activity is likely to remain subdued as businesses continue to navigate economic pressures.
• Employers may adopt a skills-first approach, focusing on long-term value rather than short-term growth.
• Candidates may remain cautious, leading to fewer applications and a widening talent gap.

Globally, hiring is expected to remain steady, driven by investments in technology and healthcare, and a continued focus on diversity and inclusion.

How Remarkable Jobs Can Help

At Remarkable Jobs, we’re committed to helping both employers and candidates thrive, even in uncertain times. Here’s how we’re making a difference:

For Employers

• Expert Niche Headhunting: We excel at sourcing top talent in niche markets, ensuring that businesses find the right candidates even when applications are low.
• Tailored Recruitment Solutions: Our strategies are designed to deliver long-term value, focusing on high-quality hires that meet both immediate and future needs.
• Optimistic Partnerships: We approach challenges with positivity, collaborating closely with our clients to achieve their recruitment goals.

For Candidates

• Career Confidence: We offer personalised advice to help candidates navigate uncertainty and showcase their strengths to employers.
• Enhanced Visibility: Our team provides advice on optimising CVs and LinkedIn profiles, empowering candidates to stand out in a competitive market.
• Opportunities Beyond the Obvious: We connect candidates with roles that align with their skills and aspirations, helping them explore new career paths.

Staying Ahead Together

The recruitment landscape is evolving, but at Remarkable Jobs, we see this as an opportunity to innovate and make a difference. Whether you’re a business seeking top talent or a candidate looking for your next opportunity, we’re here to support you every step of the way.

Let’s make your next recruitment or career move truly remarkable.

Get in Touch today to learn more about how Remarkable Jobs can help you navigate the changing job market.