Hiring slows as Omicron concerns grip market

Employment law

Job recruitment showed signs of slowing

Hiring activity rose at a slower pace and job adverts took a dip in November, according to two surveys.

After a year where vacancies have hit record levels, the number of jobs being advertised took downward turn, said recruitment agency Robert Walters, and in November vacancy volumes were down 9% – the lowest seen since May.

Last month’s figure ended a 10-month hiring spree where vacancies steadily increased by 6% each month from early 2021 (an average of 32,377 new professional vacancies per month).

IT continues to be the area which bucks the COVID trend, where despite the slowdown in other areas during lockdown, recruitment continued in this area unabated with roles doubling since last yearand 62% higher when compared with 2019 levels.

According to a survey by Royal Bank of Scotland the availability of short-term staff fell rapidly, taking the rate of increase in temporary billings to a seven-month low.

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