Employment Market Confidence Grows

May 03, 2023

Confidence in the jobs market improved across the UK as business confidence in the UK economy improved in the first quarter of 2023. Notably, the net balance of employers’ confidence in making hiring and investment decisions was restored to positive territory for the first time since Q1 2022.

Mego MD Chris Leonard commented “This is very welcome news given the high levels of inflation and resulting pressures on personal spending which is stalling growth in the UK economy. We have noticed that demand for staff is increasing in the sectors we operate in and this isn’t just being driven by seasonal factors.

Clearly, there’s still a shortage of available candidates to fill roles in core sectors like manufacturing and production. And people can still afford to travel abroad on holiday so airports are busy and passenger numbers are growing.

Our message to those looking for a new job is, yes, there’s lots of choice, but do your homework, thoroughly research prospective employers and what they’re offering in all respects – not just the base salary.

And to employers, yes, it’s a competitive market but there’s still plenty of candidates out there albeit they have lots of choice. So, invest in your employer brand; broadcast your values, engage proactively with those looking and walk the talk.”

At Mego we’re here to provide advice and guidance on all things work related so do get in touch.