January’s jobseekers search for new pastures
January has been looking like a good month for the industry, with jobseekers already on the hunt for a fresh start in 2017. According to The Open University, almost 60% of people UK-wide are looking to overhaul their careers this year.
So how is the jobs market performing? Today we released the first Totaljobs Employment Index of the year to help employers plan for the year ahead. Applications on totaljobs’ website were up 11% in the last three months of 2016 compared to the three months prior (July, August and September). Applications were also up 25% compared to October, November and December in 2015. This trend suggests that many jobseekers sought to beat the January rush, something employers could factor in to their recruitment strategies for the coming year.
Looking across the UK and comparing October, November, December 2016 with the same period in 2015, the data revealed the regions with the highest number of applications were East Anglia (38%), Scotland (34%) and the South West (32%).
The biggest sector for job growth over this period was catering and hospitality, shooting up by 51%, closely followed by property, and transport and logistics, both up 42%. Graduate and trainee positions were also up 42%.
It’s no surprise that jobs in catering and hospitality increased in the lead-up to the festive season. But as we move into the new year, it’s the property market which looks to continue presenting lots of career opportunities, driven in part by the wave of new build homes to help tackle the housing shortage.
Despite being a candidate-led market, jobseekers are displaying real motivation and there is plenty of talent out there ripe for recruiting. The question is how can you better recruit top talent?
As part of totaljobs’ ‘Understanding Talent’ series we talked to over 3,000 jobseekers and 100 employers to find out everything we possibly could on what top talent wants – from what attracts people to certain jobs, what type of interviews work best, the type of benefits that are most in demand, and once hired, how to keep top talent happy in the job.
While the fundamental basics of recruitment haven’t changed significantly, what’s clear is that recruiters have shortened the time it takes to hire. In fact, nearly half of employees (46%) have reduced the time it takes to progress candidates through the recruitment process, from the initial interview to offering the job. Why? One in three employers (28%) who have cut the recruitment timeframe have done so because the lengthy process was putting candidates off. What else do candidates want from the recruitment process? For more on the series please visit: http://blog.totaljobs.com/introducing-totaljobs-understanding-top-talent-series