Matt Weston, Managing Director, Robert Half UK comments on the ONS Labour Market Statistics:
“Record employment rates continue to go from strength to strength in 2020. With the start of the year a key time for employees considering new opportunities at work, we expect the hiring market to remain highly competitive with employers attempting to attract highly skilled workers often juggling multiple offers at a time.
“According to our 2020 Salary Guide, 41% of business leaders are concerned about their ability to attract and retain talent over the coming year, demonstrating the importance of evaluating employee remuneration packages and wider incentives now more than ever.
“Pay continues to be a core consideration for employees – with 49% of UK workers intending to ask for a pay rise in the next 12 months – so businesses must get this right if they are to successfully navigate the current ‘war for talent’. That said, employers would be well-minded not to overlook the value of additional incentives such as flexible working, offering regular training and employee wellbeing benefits, in order to provide a balanced package to attract and retain the industry’s leading talent.”