Let’s talk a little about the labor market in Britain and the changes that have taken place here over the past few years. Of course, first of all, we will be interested in how these processes have changed IT recruiting in this country.
Official data suggests that the unemployment rate in Britain is 3.8-4.0%. This is the lowest figure in Europe. However, the country’s labor market is experiencing various difficulties amid global political and economic turmoil. The role of an IT recruitment company in this situation is difficult to overestimate.
Difficulties
Let’s look at the difficulties that every IT recruitment agency in UK has faced over the past 2-3 years:
1. The economic situation around the world also had an impact on British recruiting; the pace of its development has noticeably decreased;
2. Starting from 2021, wage growth even for experienced specialists has slowed down;
3. The number of available vacancies on the market began to decrease;
4. As a consequence of the previous points, the availability of candidates has changed. They began to change jobs less often and switched to passive search mode.
To be fair, it is worth noting that this applies to the labor market as a whole. In certain categories and specialties the situation differs in one direction or another. For example, in the field of IT and computer science, the number of vacancies has decreased over the past 3 years. Despite this, there are separate statistical data that show specialties where there is a shortage of people and specialties in which there is currently an excess of workers. IT recruitment agency UK is able to analyze such information and correctly use it in its work.
Cooperation
In this regard, for large companies the advantages of working with an IT recruitment company come to the fore. Do not forget that the narrow specialization of most recruiting agencies in this country is not suitable for every employer. Many IT recruiting agencies in Britain actively use headhunting in their work. Therefore, there are not enough classic recruiters on the labor market.
The job of an IT recruiter here is not the most prestigious. The reason is simple: for the British labor market this is a difficult specialty where you need to work hard and actively. Therefore, local recruiting here is quite slow and has many peculiarities (both historical and mental) and traditions.
Bottom line
Even with all of the above, Britain remains one of the world’s most powerful economies, and the labor market quickly recovers from any shocks. One gets the impression that this is precisely the case when difficulties only strengthen one.
