Stuart Gentle Publisher at Onrec

Contractor Umbrella News: Lockdown 2.0 has negative impact on UK hiring

The consequences of the UK’s second national lockdown are already showing, with figures showing that vacancies have fallen by two per cent week-on-week.

Latest statistics from Broadbean Technology revealed that despite the number of roles falling sharply by the middle of November, some sectors have been thriving during the pandemic, with demand for insurance & finance and ICT professionals up week-on-week – 22% and 11% respectively.

Alex Fourlis, Managing Director at Broadbean Technology, commented on the findings, “While the prospect of a second lockdown was certainly going to impact hiring activity, our data in the immediate aftermath suggested that many employers were operating business as usual with vacancies rising.

“However, with our latest statistics revealing that demand for staff has started to stagnate, albeit at a relatively low level, the coming weeks will prove vital in establishing the impact the latest lockdown has had. However, with some sectors remaining resilient and with Boris Johnson announcing that lockdown will end as planned on the 2nd December allowing many sectors to reopen once again, we are hopeful that this is just a short blip we are experiencing.”

“And while we are certainly not out of the woods yet, with the furlough scheme firmly in place until the end of the financial year and huge steps forwards in terms of a mass vaccine rollout, the future for the UKs employment market looks far more positive as we draw towards the end of the year."

If you have any questions about how an umbrella company works, visit Contractor Umbrella by clicking here.