The January 2024 UK Resourcing – Market Insight Summary (produced quarterly) provides forward-looking labour market data and analysis on employers’ recruitment, redundancy and pay intentions, as well as reviewing the data from publicly available sources to supply a snapshot of the current recruitment market.

The latest Market Insight report reveals a complex and rapidly evolving employment landscape. While recruitment intentions remain positive overall, notable sector-specific challenges persist. Understanding the nuanced variations across industries is critical for developing an effective people strategy in today’s dynamic job market. This report provides a balanced perspective, with concerning indicators alongside more optimistic data points. Don’t miss the key insights needed to navigate ongoing hiring difficulties and position your organisation for future success.

The report considers the following areas:
1. Recruitment Intentions
2. Redundancies
3. Job Vacancies
4. Labour Supply
5. Pay
6. Other factors of interest impacting the labour market

Key References

(1) CIPD – Labour Market Outlook Autumn: 2023
(2) ONS – Labour Market Overview, UK: December 2023
(3) APSCo – Recruitment trends snapshot November 2023
(4) APSCo – Autumn Statement Summary
(5) APSCo – The future of recruitment and outsourcing
(6) Indeed – December 2023 UK Labour market update
(7) Pay As You Earn Real Time Information from HM Revenue and Customs

If you would like further information on the report or Omni’s resourcing, training and consultancy services, please contact us at insights@omnirms.com.

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