Many UK businesses are finding themselves short of talent with the number of job applications dropping 24% between May-June, while vacancies increased by 10%.
Broadbean’s recent data revealed that the number of applicants per vacancy (APV) in the UK has fallen for the third month in a row, following a nine per cent decline between April and May, and a 15% drop from March to April.
Perhaps unsurprisingly, hospitality and catering are suffering the most with a candidate drought – the sector reported a 78% decline in the number of applications per vacancy between January and June 2021.
As Alex Fourlis, Managing Director at Broadbean Technology, commented, “The UK job market is becoming increasingly competitive as a shortage of talent continues to be exacerbated by the spikes in hiring that most businesses are reporting.
“We’re currently witnessing multiple clients experiencing record low levels of job applications, leaving frustrated recruiters unable to fill critical positions. In fact, the applications per job that we recorded in May and June hit record lows, unseen in the last five years.
“It’s unlikely that we’ll see any improvement on this situation as we enter the mid-summer months, with many jobseekers now postponing their job search until September.”
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