UK experiencing talent shortage

(1 minute to read)

Broadbean: ‘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’.

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.

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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.”

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

Sophie Lewis

By Published on 16th August 2021

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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 £105 + 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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