Despite the shadow of uncertainty created by Brexit inertia, this week's unemployment figures fell again. As reported in the article below, recruitment firms are commenting on the challenges of attracting top talent when they have so many opportunities.
As we have posted about before on this blog platform, we believe that money isn't always the key motivator. Increasingly it is softer benefits around flexible working which can make the difference. Only recently a client who was struggling to find the calibre of candidate within their budget decided to open it up to a 4 day week opportunity. The shift in approach has made a huge difference.
Figures released by the Office for National Statistics reveal unemployment fell by 27,000 over the quarter to 1.34m, while the number of people in work remained largely unchanged at a record high of 32.7m. Ben Frost, solution architect EMEA at global executive search firm Korn Ferry, said the figures once again confirmed strong employment growth up and down the country, which is great news for companies and employees. “The challenge, however, remains in competing for the right staff with the right skills. Not all businesses are in the financial position to offer monetary rewards to attract and retain top talent. However, for the most part employees’ expectations have begun to shift and so money is no longer necessarily the most effective way of rewarding staff or appealing to new talent.