BWD Q3 Confidence Index 2021

CONFIDENCE INDEX | Q3 2021 122% INCREASE IN 1ST STAGE JOB OFFERS UP INTERVIEWS 158% IN Q3 EVEN THE BEST BRANDS SINCE THE START OF THE YEAR, ARE STRUGGLING TO ALL METRICS ARE UP BY 151% STAND OUT IN HIGHLY COMPETITIVE MARKETS. BY BWD SEARCH & SELECTION Commenting on the latest survey results, Claire Warnes, Head of Education, Skills, It is true that in Q3 we have noticed that We introduced our Confidence Index & Productivity at KPMG UK said: candidates are more open to new at the start of 2021, which is a visual opportunities, with a 122% increase in 1st aid to show hiring trends compared “Candidate shortages continue to plague interviews for the period, and job offers up with 2019 averages. We track data businesses, who are all recruiting from the same 158%. However, candidates can be more far relating to new assignments, 1st pool of talent & struggling to fill gaps. more selective. interviews and job offers, as these are the best indicators as to whether While record-high permanent placements & The clients who are securing the best clients are hiring, and to the overall higher starting salaries mean it remains a candidates, act quickly, have efficient and levels of confidence in the FS sector. job-seekers market, recruiters & employers have flexible interview processes, give timely seen the most severe decline of candidate feedback both on CVs and interviews, create As we move into Q4 and reflect on Q3, availability in the survey’s history & will be better external branding and have compelling we feel that now is a good time to thinking about how to attract & retain new staff.\" EVPs. publish our latest results and provide you with some analysis. - KPMG & REC Jobs Report | Sept 2021 \"WHY SHOULD THEY JOIN Since the start of the year all metrics YOUR FIRM?\" we measure are up by 151%, with the biggest gain being seen in job offers Client confidence has also returned, with THE TABLES HAVE BEEN TURNED; which is up 181% on the 2019 average. many looking to forge ahead with growth it is no longer good enough to ask the candidate at the 1st interview “why” they It is not surprising therefore that the plans that were put on hold. However, to want to join your firm! Moreover, why should most recent KPMG/REC jobs report they join your firm? What is your culture like, states that we are seeing demand for secure the best talent firms are having to do you have a diverse workforce and agile staff at an all-time high, working, and what are your values? These unprecedented increases in take a different approach, due to severe are the questions that candidates want the permanent placements, and sharp answers to. increases in starting salaries. candidate shortages across all sectors C.953,000 TO SECURE and particularly in FS 67% THE BEST Candidates are now LIVEAVCARCOASNSCAIELSLISNETCHTEOURKS TALENT FIRMS ARE HAVING TO more interested in EXPECT TO WORK Q3 2021 was unlike previous Q3’s because TAKE A DIFFERENT work/life balance, 67% FROM HOME FOR there were unprecedented levels of activity APPROACH... of our candidates expect AT LEAST 2 DAYS which bodes well for the rest of the year. However, with c.953,000 live vacancies in the PER WEEK... UK across all sectors, which is almost triple that of the same time last year, it is hard to to work from home for at least 2 days per see where the candidates will come from to fill all of these roles? week, with the only exception at the more junior end of the market who prefer to be Perhaps, further queues at petrol stations, and shortages on the shelves at Christmas in the office, as it helps with their training are to be expected!? and development. ARE YOU STRUGGLING TO RECRUIT? WE CAN HELP... GET IN TOUCH ALISTAIR BROWNLEE DIRECTOR | FOUNDER 07971 262782 [email protected]