The UK Economy Increases The Need For Temporary Workers

The recent Recruitment & Employment Confederation (REC) data has shown that employers in the UK are increasingly turning to temporary staff to fill jobs in the face of economic uncertainty and labour shortages. With low confidence in both the UK economy and the ability to invest in businesses, the demand for temporary workers is rising.

In the fourth quarter of 2022, the confidence in the UK economy and ability to invest in businesses fell surpassing the previous pandemic-related record lows from June 2020. Despite this drop in confidence, the immediate outlook for hiring remains positive for both permanent and temporary workers.

High demand for temporary workers

Despite concerns over the economic outlook, the high demand for temporary workers highlights the important role the temporary work market plays in addressing labour and skill shortages. On any given day, there are 1.2 million people who are working via a recruitment business on a contract or temporary assignment, making the world-leading temporary work market vital to many companies.

The CEO of the REC, Neil Carberry, said that businesses are still concerned by the economic outlook due to high inflation and global economic and political uncertainty. However, the hiring intentions show that firms still need new staff and that a recovery in confidence could be quick if inflation falls.

Using technology to onboard quicker

Because of this recent trend, recruiters should utilise recruitment technology to onboard candidates even quicker. With technology recruiters can easily find and hire the workers they need to fill their labour shortages much faster. By using Rocket Recruitment, both recruiters and temporary workers can save time and resources compared to traditional methods of hiring and job search. Technology would provide an efficient and convenient platform for matching workers with the right job opportunities. Find out more on how Rocket Recruitment can help your agency here >

In conclusion, the current state of the UK economy is increasing the need for temporary workers, who are playing a bigger role in companies’ plans. The temporary work market is crucial in addressing labour and skill shortages, which should be accompanied by the latest recruitment technology to onboard qualified candidates quicker and to help boost the UK economy.