UK employers appear to be taking speculation about another recession with a pinch of salt: the latest JobsOutlook survey from the REC suggests a substantial majority of them are planning to increase their staffing levels in both the short and medium terms.
The monthly survey, which polls hiring intentions amongst 600 UK employees of varying sizes drawn from across the private, non-profit and public sectors, reveals that 39% of hirers intend to increase their use of temporary/contracting staff over the next quarter, while 50% plan to maintain current temp levels. Only 11% intend to make cuts. Over the next year, 36% plan to hire more agency/contracting staff and 55% intend to maintain current temp levels. Just 9% envisage making cuts.
Permanent job-hunters are also faring well, with 60% of employers planning to hire more permanent staff over the next three months and 54% planning to do so over the next 4-12 months. 36% intend to maintain current permanent headcounts over the next quarter, while 44% intend to do so over the coming year. The number planning to make reductions were just 4% and 2% respectively.
REC chief executive Kevin Green said: “Speculation about a possible triple-dip recession has not dissuaded employers from their plans to hire. Our latest data shows that most businesses intend to take on more permanent staff and continue to use temporary workers. Only a very small number said that they expect to reduce headcounts over the next few months.”