Well here we go into 2019 and the jobs market is still pumping on all cylinders. The regular update provided by KPMG and REC is, in my opinion quite surprising. The uncertainty from Brexit, the political farce (It's like an episode of Fawlty Towers) and organisations are still hiring away with the backdrop that the labour markets are tighter and tighter. We are seeing fewer EU workers coming to the UK, there are many returning home or finding other countries in the EU where they feel more secure and the impact is clearly to make it a candidate market where the best talent is scarce and highly sought after.
James Stewart, Vice Chair at KPMG, said: “Whilst Brexit may be dampening overall business investment, firms continue to hire new staff at near record rates. With the jobs market so heated, businesses across the country, of all types, are struggling to find work ready staff. Particular pinch points include IT, engineering, nursing and care staff. Some clients tell us they are seeing the worst period of staff availability for 20 years. A four-decade low in unemployment and a dwindling supply of EU workers means good candidates are at a premium. Consequently, we’re seeing wages pushed upwards and a trend of canny workers job hopping to secure a pay rise rather than remaining loyal to their existing employers.”