Buyer’s market resulting in ‘professional ghosting’

(2 minutes to read)

Research shows that ‘professional ghosting’ is symptomatic of the current buyer’s market with employment levels reaching record highs in 2019.

Latest data shows that more than one in ten office workers have admitted to ‘professional ghosting’ when applying for a job over the last year.

‘Professional ghosting’ – which refers to a potential employee avoiding communication with a company during the application process – has been found to be more common among younger workers, with a quarter of under 35-year-olds admitting to the practice, compared to just five per cent of those ages over 45.

The research, compiled by Robert Half UK, shows that 31% of employees said they would decline a job offer that did not include flexible working hours, with the average employee prepared to take a three per cent pay cut in order to have the option to work outside ‘normal’ office hours.

Fourteen per cent of workers would reject a job offer if a bonus wasn’t included as part of the proposal and 12% would do the same if they were not given the choice of working from home at least once a week.

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Matt Weston, Managing Director at Robert Half UK, commented on the findings, “We are currently in a buyer’s market and business leaders are having to review their employee attraction strategies in order to secure the best talent. Where the recruitment process was once entirely driven by the employer’s timetable, the war for talent is seeing a powershift towards in-demand talent which is feeding the growing trends of professional ghosting.

“As our 2020 Salary Guide has highlighted, skilled professionals today are looking for a comprehensive remuneration package, including benefits alongside a competitive salary. Flexible working is increasingly popular with many candidates refusing to accept a job offer which does not include this in some form. Aside from employee benefits, employers looking to attract and retain top talent should prioritise developing a clear employer brand. In-demand professionals increasingly want to work for companies with a strong identity and a well-defined culture and ethos, making it another key factor in improved employee retention.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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