Is Job Market Confidence On The Rise?

The apparent recovery in the economy has led to a boost in job market confidence with it increasing steadily over the last eight months; this is obviously excellent news if you are now looking at a recruitment campaign to expand your workforce in the near future.

The latest National Careers Service Job Confidence Index shows that four out of five (79%) people were as or more confident about their jobs and ability to find work than in the previous survey which was published last November.  This represents a net increase of 3% and a total of 5% since the first index was published in August 2013.

The overall index aims to analyse the state of the nation’s work and employment prospects.  It’s based on research that looks at a range of issues affecting people’s confidence in finding work.  Taking into account other underlying factors, the national job confidence score has increased by 2.1 points since November, up from 53.5 to 55.6 out of 100.  (This represents an increase of 3.8 points since the first index was released last August.)

According to the research (conducted by ICM), the main factor behind the nation’s increase in job confidence is the economic recovery.  A majority of respondents (57%) claim they’re more job-confident because of improving business outlook, up from 42% in August and November.

Apart from the recovery, a third of people attributed their increased job confidence to more opportunities being available (34%) and having the right skills/qualifications (32%).  Seven in ten respondents agreed they had the right experience to find work, an increase of 8% since August.

The research also reveals that overall job confidence is on the increase across all regions and sectors of society, including the unemployed.  Compared to three months ago, the North East and the West Midlands were the regions to record the biggest rises.

With this increase in job confidence comes the parallel increase in the quality of those seeking their next move in the job market. This usually applies to those who are already in work and now feel the time is right to push on in their careers, although there are also many talented individuals in the market for work who are, unfortunately, currently unemployed.

This shows, perhaps, that now is the right time to advertise those vacancies that all industry sectors have held back on through fear of not being able to fill them with a candidate they feel will properly benefit their business.

If you have a vacancy that you are looking at filling in the near future why not give a try? With over nine years’ experience of attracting candidates to positions across various sectors, we can be as hands on as you require and have options to match all budgets.