As global recruitment firm ManpowerGroup reports an increase in UK employer hiring confidence, why isn’t this ‘growth’ mindset translating into more net new jobs?
Both employers and the Government share ambitions to grow but caution is stalling action
Employers have one of two choices: either sit tight and do nothing or make strategic hiring bets now to better position themselves for future success
UK employers are indicating a growth mindset with an optimistic recruitment outlook for Q4 (October to November) 2024, according to newly released data by the global recruitment firm, ManpowerGroup.
The positive Net Employment Outlook of+28%– a measure of business hiring confidence – has increased by eight percentage points on the quarter and by two percentage points on the year. The Outlook is calculated by surveying more than 2,000+ UK-based organisations about their recruitment plans for the next business quarter.
While the growth in confidence is to be welcomed following pre-election political uncertainty, ManpowerGroup views the Q4 hiring sentiment with cautious optimism because the positive hiring intent is not yet translating into new jobs.
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