The latest data from XpertHR shows that pay settlements remain at their highest level for 30 years and are worth a median 4% in the three months to the end of October 2022. Over the same period last year, the median pay award was worth just 2%.
The number of active job adverts across the UK has remained relatively stable since mid-August. In the week of 17-23 October, there were 1.4 million active job adverts
. In an increasingly turbulent and unpredictable market, the news that applications increased by 10% from September, rising to the highest levels seen in 2022, is really positive for recruiters.
While potential legislation changes are troubling, there are other issues that are of greater priority for contractors in the current economic climate.
Latest Government data analysed by immigration law firm, Migrate UK, reveals that only 3.5% of UK employers currently possess a licence to sponsor EU or non-EU workers - despite widespread talent shortages nationwide.
