U.K. EMPLOYMENT TRENDS TO HOLD STEADY IN THE NEW YEAR
U.K. EMPLOYMENT TRENDS TO HOLD STEADY IN THE NEW YEAR, ACCORDING TO CAREERBUILDERS 2011 JOB FORECAST
Cautious hiring trends are expected to carry over into the New Year as UK employers closely monitor the nations economic recovery, according to CareerBuilders 2011 Job Forecast. While the majority of UK employers (73%) described their organisations financial performance as steady or growing, 28% reported it is declining or uncertain. 39% of UK employers plan to add new employees in 2011 with a mix of full-time, part-time, contract or temporary workers and interns. One-in-five (20%) plan to add full-time, permanent staff. The study was conducted from 17 November to 17 December on behalf of CareerBuilder.co.uk and included 194 UK business leaders across industries.Employers are hiring again, albeit at a guarded pace, said Tony Roy, President of CareerBuilder EMEA. Our survey and job posting activity on CareerBuilder.co.uk point to gradual, moderate improvements in the UK job market in 2011. Well see more jobs added across a variety of industries, but it will still be a highly competitive job market. Top Functional Areas Employers Are Recruiting for in 2011UK employers are focusing on functional areas that have the greatest impact on revenue first. Creating new efficiencies, driving innovation to open new revenue streams, extending customer reach and strengthening customer loyalty are among top priorities within organisations. Technology is the number one area cited for hiring with one-in-five employers planning to add headcount:
Technology 20% Sales - 18% Engineering 14% Creative/design 12% Customer service 10% Marketing 8%Emerging OpportunitiesUK employers also reported the need for workers to fill what they consider emerging positions within their organisations. Green jobs, or environmentally-focused positions, were cited most often in terms of new opportunities followed by positions centered around global relations, social media, the use of mobile technology and cyber security.Temporary or Contract HiringBusinesses will be relying on interim solutions to help shoulder growing workloads. 18% of UK employers plan to hire temporary or contract workers to help supplement leaner staffs. Entry-level HiringIn addition to seasoned workers, employers will be investing in the next generation of talent for their organisations. 31% of those hiring plan to recruit recent college graduates in 2011. Compensation27% of UK employers are concerned that best talent will leave their organisations once the economy improves, as heftier workloads and longer hours take their toll on worker morale. 30% said they will increase compensation for their existing staff in 2011 with the majority estimating the raise will be 3% or less. 22% of those hiring will provide higher initial job offers to job candidates with most increases likely falling within the same 1 to 3% range. *Totals may not equal 100% due to rounding. Survey MethodologyAn online survey of 757 business leaders in the UK, France, Germany, Italy and Sweden was conducted in a range of organisations between 17 November and 17 December. Business leaders included C-level executives, directors and senior managers with recruitment responsibilities. The survey was conducted online by Shape the Future, a market research agency based near London which specialises in high speed online research.The total sample size in the UK was 194, giving a margin of error of 7.04% at 95% confidence. The survey was conducted strictly according to the code of conduct of the UKs Market Research Society.