Business Confidence Continuing to Grow, as Hiring Intentions increase.

Business Confidence Continuing to Grow, as Hiring Intentions increase.

17 Mar 11:00 by Daniel Knott


A recent Jobs Outlook Survey by the REC has reflected the improving mood amongst employers with reported intentions to hire permanent staff increasing by 25 points in the last 3 months to January. During the same period, business confidence also increased by 7 points with an overall increase of 2% on the previous quarter. 


As we begin to see a clear route out of lockdown and the continued success of the Governments vaccination program, employers are now able to focus on renewal and growth after a year of crippling uncertainty. 


Satisfaction with recruitment agencies also rose from 67% in November 2019 - January 2020, to 75% this year, as recruiters stepped up to the plate and supported their clients through one of the toughest periods in the UK’s recent history. 


Neil Carberry, Chief Executive of the REC, said:

“With the whole of the UK in lockdown throughout January, it is a good sign that employers’ confidence levels and hiring plans have continued to improve across the last quarter – albeit slowly. Lockdown exit plans, set out by the Prime Minister and First Ministers this week, will give companies a further boost and allow them to firm up their plans for re-opening.


“As we start to open up the economy again it is vital that businesses take this opportunity to build back in a more productive and inclusive way – and that starts by taking recruitment seriously. Recent REC research shows that good recruitment boosts UK productivity by £7.7 billion every year, as well as helping to improve diversity in the workplace. Getting recruitment right will play a vital role in kickstarting the economy in the coming months.”


What’s evident is that finding a recruitment firm that works hard to understand your business, support you through difficult times and get your recruitment needs right is vital as a way to grow out of the pandemic. 


Colossus Associates has worked tirelessly through the pandemic to support our clients, and understands how important it is to provide a market leading recruitment experience. As specialists in the UK Technology sector, you can rely on Colossus to match your business with the best candidates available, whilst saving you time and money competing in a heavily candidate driven arena.


This is an exciting time for businesses in the Technology sector as new innovations and ideas come to the fore, we hope that you are at the forefront of this and partner up with Colossus to enhance your potential. 


If you liked this blog, you can read more on our weekly blog pages with helpful guides such as our 2021 Salary Survey and a rundown of the top 10 Tech Cities in the UK. 


Photo by Alex Knight on Unsplash