Few people working now were around in the heady days of 1971 when the UK made the shift from imperial to decimal currency. After all, it's nearly half a century ago.
So it's interesting that - according to the latest ONS Workforce Survey - the UK has the highest percentage of working age people in employment at 75.8% - up on the previous year and higher than any time since these records began (1971).
So are TA/HR teams doing enough to flag the market context they're operating within and lobbying for appropriate budgets to stand out? Whilst there's alot of noise around Brexit and its impact on employment, it's hard to separate the noise and politics from fact.
In the past week I've spoken to an NHS Trust, leisure operator and management consultancy who all referenced a tighter talent marketplace and fewer quality applications.
So to be successful, you need to research and understand the competitor set you're up against and - if necessary - make the business case for the right budgets.
Estimates from the Labour Force Survey show that, between June to August 2018 and September to November 2018, the number of people in work increased, the number of unemployed people was little changed and the number of people aged from 16 to 64 years not working and not seeking nor available to work (economically inactive) decreased. There were an estimated 32.53 million people in work, 141,000 more than for June to August 2018 and 328,000 more than for a year earlier. The employment rate (the proportion of people aged from 16 to 64 years who were in work) was estimated at 75.8%, higher than for a year earlier (75.3%) and the highest since comparable estimates began in 1971