About This Research
Cogito’s quarterly State of the Labour Market white paper is designed to offer an early indication of the current outlook of the labour market for Q1 of 2022 as it pertains to employed professionals; including recruitment and hiring intentions. This white paper identifies a range of trends and projections which support both employers and candidates as they look forward to future recruitment.
Data collected for this white paper is solely quantitative and has been collected up to February 28th 2022 from a range of sources, including Office of National Statistics (ONS) and our own projects over this past quarter. ONS are the UK’s largest independent producer of official statistics, as well as the recognised national statistical institute of the UK. They are responsible for collecting and publishing statistics related to the economy, population and society at national, regional and local levels and play a leading role in national and international good practice in the production of official statistics.
Key findings
- The end of 2021 saw the UK continue its labour market recovery, despite the impact of the Omicron variant outbreak.
- The UK is experiencing its all-time highest growth rates in the number of vacancies, which has forced the UK into a period of ‘hard-to-fill’ vacancies and a highly competitive recruitment market.
- Businesses have been forced to evolve the way that they hire new talent, with more focus than ever in ensuring their proposition is one that is enticing to potential candidates.
- Candidates have new expectations of what is most important to them when seeking a new role.
- Homeworking is something that is here to stay, and businesses should take the time to ensure that their employees are in a working situation that is desirable to them.
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