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BCC: Firms facing acute hiring crisis

The jobs market has continued its summer revival as demand for workers has surged following the easing of Covid restrictions. But record vacancies also highlight the acute hiring crisis faced by many firms.

BCC RESPONDS TO ONS LABOUR MARKET FIGURES FOR AUGUST

Commenting on ONS Labour Market statistics for August 2021 published today, BCC Head of Economics, Suren Thiru, said: “The latest figures confirm that the UK jobs market is recovering strongly as the boost to demand from the easing of restrictions helped drive higher payroll employment in July. "

RETRAINING ESSENTIAL AS 1 IN 5 FIRMS CONSIDER REDUNDANCIES POST-FURLOUGH

BCC calls for government to extend skills training as new research showed nearly 1 in 5 companies are considering staff redundancies as the next phase of furlough tapering begins.

BCC WELCOMES CHAMBER INVOLVEMENT IN TRAILBLAZING LOCAL SKILLS IMPROVEMENT PLANS

BCC says it is great news that Accredited Chambers will be leading all eight of the Department for Education's pilot schemes to develop local skills training provision.

Quarterly Recruitment Outlook – 70% Face Difficulty Finding Staff as Workforce Growth Expectations Surge

The British Chambers of Commerce today released the results of its Quarterly Recruitment Outlook survey for Q2 2021, with responses drawn from over 5,700 firms. The new figures show a surge in the proportion of firms expecting to grow their workforce in the next 3 months, as well as a notable rise from the previous quarter in the proportion who attempted to recruit. However, the data also shows the proportion of those who had difficulty in finding staff climb significantly.

BCC Reacts To Latest UK Labour Market Figures

Commenting on ONS Labour Market statistics for May 2021, published today, BCC Head of Economics, Suren Thiru, said: “The decline in the unemployment rate and the rise in payroll employment is further confirmation that the UK jobs market is now more resilient to the ongoing restrictions.

Amazon announces 10,000 new permanent jobs and multi-million pound training programme to boost the UK economy

The company will invest £10 million over three years in training up to 5,000 employees in new skills to meet the UK’s future employment needs outside of Amazon. It is partnering with the British Chambers of Commerce and local businesses to identify regional skills shortages to focus training on local needs

Landmark Skills Training Report Calls For Major Reboot Of The System

Report calls for a root and branch reform of the UK’s training system to help businesses access the skills they need to boost productivity.

New Figures Show Workforce Growth Expected but Some Sectors Yet to See Signs of Revival 

The British Chambers of Commerce today released its Quarterly Recruitment Outlook for Q1 2021. The new figures show continued weakness in the job market in Q1, with 60% of the nearly 6000 businesses surveyed saying they had not attempted to recruit during the quarter. However, the percentage of firms expecting their workforce to grow in the next three months rose from 19% in Q4 2020 to 27% in Q1, the highest percentage since Q1 2020 and a return to pre-pandemic levels more broadly.

BCC Reacts To Latest UK Labour Market Figures

"With many firms struggling with the damage done to their cashflow by a year of covid restrictions, unemployment is likely to remain on an upward trajectory until well beyond a full reopening of the economy."