In the context of high inflation and an economic downturn, UK employers have signalled they are determined to keep hiring in the New Year, with the Net Employment Outlook remaining positive at +19 per cent for Q1 2023, according to the latest survey from ManpowerGroup.
The survey is based on responses from 2,030 UK employers and asks whether they intend to hire additional workers, maintain current headcount, or reduce the size of their workforce in the coming quarter (January to March 2023).
Although UK employers stated an intention to keep hiring at pace to maintain productivity and business as usual, the latest Outlook marks a decline of five percentage points on the fourth quarter of 2022. With a stretched and tightened labour market to contend with, retaining skilled talent will be a key priority for many organisations.
"Talent retention is going to be a battle for most employers this year," said Chris Gray, director at ManpowerGroup UK. “We’re seeing...