Jobs market thriving despite uncertainty, says Cooper Lomaz
Now in its tenth year, Cooper Lomaz has released its annual Recruitment Trends and Salary Survey.
This year’s report, completed by 2,740 candidates, shows that the last 12 months has witnessed an undoubted change in the recruitment market across the UK and East Anglia. Whilst uncertainty has reigned across much of the UK due to the ever-changing political and economic landscape, results from Cooper Lomaz’ report show that job market has not suffered.
Simon Brown, managing director of Cooper Lomaz, said, “Since joining Cooper Lomaz Recruitment two years ago I have been surprised each year by the uptake and engagement we, as a business, see from the salary survey. Speaking to candidates and organisations across the region it is clear that this report now acts as a key source of information to many. Looking at this year’s report it is interesting to see salaries rising for most last year and that more candidates expect a further rise this year. This trend certainly bucks some of the national statistics we see from across the UK about wages being flat.
Cooper Lomaz says that another change coming out of this year’s report is that whilst salaries have risen once again, it’s been revealed that employees no long class salary as their primary factor when looking at job satisfaction. Instead, competence of their manager, personal recognition or achievements, and, an interesting and varied role both ranked as important, if not more important, compared to salary.”
Flexible working was also a big trend in 2017, whether this is in relation to their work/life balance or having the ability to work remotely. This will continue through 2018 as candidates are starting to see flexibility as a staple of the workplace, and as businesses improve infrastructure to support this.
With the economy expected to grow by as much as 2.2% in 2018 and unemployment in the UK at its lowest level in over 40 years (4.3%), the demand for highly skilled candidates is higher than ever to support this growth. This skills shortage has led to rising wages and employers having to reconsider their benefits packages to attract and retain top talent.
The survey is now available for download from the Cooper Lomaz website.