Recruitment firms report 'slowdown' in permanent hiring

481     0
Businesses are reluctant to recruit full-time permanent members of staff. (Image: Getty Images/iStockphoto)
Businesses are reluctant to recruit full-time permanent members of staff. (Image: Getty Images/iStockphoto)

Research indicates that companies are hesitant to hire permanent staff due to economic uncertainty and rising costs, affecting overall staff recruitment.

The Recruitment and Employment Confederation (REC) and KPMG conducted a study which revealed a decline in the number of permanent placements by recruiters in recent weeks, as firms were apprehensive about committing to new hires.

The research, which surveyed 400 recruitment firms, also highlighted an increased demand for short-term staff and a rise in the availability of workers to fill these roles.

Neil Carberry, Chief Executive of REC, commented: "Employers tell us they are feeling better about themselves as the year moves on, and today's data does suggest the possibility of a turnaround in hiring over the next few months."

"Permanent placements have been falling for a year now from abnormal post-pandemic highs. While permanent hiring activity continues to slow, fewer firms reported a slowdown last month, leading to a much shallower rate of decline than most months recently."

Teachers, civil servants and train drivers walk out in biggest strike in decade eiqehiqdxiqdrinvTeachers, civil servants and train drivers walk out in biggest strike in decade

"Likewise, temporary hiring remains robust with billings growing marginally in September as they have most months this year."

* An AI tool was used to add an extra layer to the editing process for this story. You can report any errors to [email protected]

Steve Charnock

The economy, KPMG LLC

Read more similar news:

01.02.2023, 08:10 • Finance
8 money changes coming in February including Universal Credit and passport fees
02.02.2023, 21:44 • World
'Oblivious rogue energy firms are cashing in on people's misery as profits soar'
03.02.2023, 17:08 • Politics
Rishi Sunak can't call an election as he knows he would lose, says Rachel Reeves
03.02.2023, 19:04 • News
Power workers threaten to strike over union claims of 'rampant profiteering'
04.02.2023, 17:23 • Politics
'Striking firefighters and ambulance workers get blamed for mess Tories caused'
04.02.2023, 18:48 • Politics
Nearly half of Tories want Election this year to sweep Rishi Sunak out of No10
05.02.2023, 08:48 • Politics
Full list of everyone Liz Truss blames for her failure as PM
05.02.2023, 12:14 • Politics
Truss' Home Secretary says her plan 'clearly' wasn't right and ignored 'reality'
05.02.2023, 12:24 • Politics
All the best reaction to Liz Truss' 'deranged' political comeback
06.02.2023, 17:00 • Politics
Liz Truss moans it's 'unfair' to blame her for economy but won't return to No10