UK businesses are urged to invest in talent now, despite economic uncertainty, otherwise, they risk being on the back foot once recovery starts.
This is according to recent findings from the Association of Professional Staffing Companies (APSCo) using data provided by Bullhorn.
Ann Swain, Global CEO of APSCo, commented, “December has long been a quieter month for recruitment activity. However, while there has certainly been a decline in hiring noted, the fall in average permanent salaries paints a more concerning picture.
“There is still significant pressure on the labour market, particularly for highly skilled professionals. Businesses and recruiters alike shouldn’t fall into the trap of believing the labour market has swung back in favour of the employer just yet.
“The power is still very much in the hands of the candidates, and without appropriate remuneration packages in place, access to crucial resources will become increasingly limited for firms.”
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