Businesses are currently operating in an incredibly tight labour market and are doing their best to survive amongst the cost of doing business crisis due to spiralling energy costs. The competitive labour market is impacting businesses ability to invest and grow.
The latest Office for National Statistics (ONS) labour market overview has reported on UK employment and recruitment rate. The estimate of payrolled employees for August 2024 is 30.3 million, up from August 2023.
The unemployment rate for September 2024 is 4.1%, this is down from the previous three months. However, although the unemployment rate is falling the estimated number of vacancies decreased on the quarter, for the 26th consecutive period, to 857,000.
With many local businesses still experiencing challenges trying to recruit locally, in order to maintain business growth. Addressing the local and regional skills gap remains one of the Chamber’s priorities as we continue to support businesses in the months ahead.
Working in partnership with Hewett Recruitment, the Chamber of Commerce will once again produce the annual Salary & Benefits 2024/25 report. This report will benchmark the salaries and the benefits that company’s offer across the two counties in order to support businesses attract and retain staff. The report will include the minimum, maximum and average salaries of a variety of roles across the two counties. At a time when provisions for flexible working and annual leave allowance are as important to candidates as salaries, it has never been more crucial to compare the salary and benefits your business offers.
Let us know the salaries and benefits you offer your employees, take the survey now. https://www.surveymonkey.com/r/JB69YZL
The Salary and Benefits 2024/25 Report, in partnership with Hewett Recruitment, will launch at our HR Forum in January 2025.
If you have any questions regarding the survey, please contact the Policy department at [email protected]