Hello and welcome to November
I hope you are well and got through Halloween without any incidents. With the darker nights and bonfire night also being so close, this time of year does have the potential to be a problem for many people. I have two young children who absolutely love this time of year, and I really hope you've managed to join in some of the celebrations too.
We've just had the autumn Budget announced. The BBC have a great summary here but the points I think we need to note from a business and personal point of view are:
- Personal taxation and wages
- The personal allowance threshold will rise; the rate people start paying income tax at 20%, goes from £11,850 to £12,500 in April 19 - a year earlier than planned and the higher rate of 40% will rise from £46,350 to £50,000 in April
- National Living Wage increasing by 4.9%, from £7.83 to £8.21 an hour, from April 2019
- Fuel duty to be frozen for ninth year in a row
- State of the economy
- Era of austerity is "finally coming to an end", the chancellor says
- 3.3 million more people in work since 2010 and 800,000 more jobs forecast by 2022
- Wages growth at its highest in nearly a decade
On the face of it, it all seems okay. Good news for some individuals in there. The rise in minimum wage is beneficial for the average worker, but could be tough for businesses if they have a large workforce earning this amount. There are some big claims from he chancellor, so we’ll see how they pan out over the next 6 months and more.
New team member - Introducing Jaimini Tailor
I’m very excited to formally introduce Jaimini Tailor. She has just joined our Office Team and has 3 years of recruitment experience from large high street agencies. I am practicing what I preach and have been following my guidelines for successful pre-boarding and on-boarding for a new starter. No matter how busy you are you have to take the time to embed a new team member. Recruiting a new person is an investment and you need to take care of it. Setting time aside for essential training to give them the best chance of success and to set expectations gets everyone off to the very best start.
I am excited to have Jaimini in the team, if you have any office recruitment needs, do give her a call.
Temporary recruitment and Christmas staff cover
We are now entering a very busy time for recruitment as businesses push to get all their ducks in a row ahead of Christmas.
If you know what temporary recruitment you need for the Christmas run up, get in touch and we can plan it all in for you.
Also, if you are ready to recruit or are planning to early in the New Year, get in touch now. Getting your jobs live and advertised ahead of the ‘New Year, new job’ audience, means you won’t miss out on the huge surge in online searches between Christmas and January.
REC Report - Business recruitment needs are growing
As you know, we are members of the REC and we closely follow their monthly recruitment reporting. I hear people in general saying all the time how hard they think recruitment must be at the moment in light of Brexit. But this isn’t the case and the latest REC Jobs Report backs this up.
Neil Carberry, Chief Executive at the REC has commented on how ‘resilient UK businesses are’ and business recruitment needs are still growing month on month. The tough part is finding people to fill the roles as candidate availability falls again.
The REC Jobs Report highlights from September (latest report available) are:
- Permanent placements continue to rise
- Candidate availability drops further
- Starting salary inflation reaches 41-month peak
- Demand for staff remains strong
My summary is that businesses are continuing to recruit, jobs are plentiful. What could be stopping people from moving jobs is the fear of insecurity. If they move from a job they don’t mind that has security to a job they might love but with unknown stability, could that leave them exposed. My advice to combat this is to really sell your business benefits when you advertise. Tell people how long you’ve been running, how many people you employ, how your business is performing. Now is that time to promote your strengths. Give people the confidence to want to find out more.
It’s also worth noting the news about starting salaries being on the increase again. Both permanent and temporary starting wages have increased and with the news in the Budget about minimum wage increases, it is worth reviewing your packages to make sure you are competitive. We have lots of data and can help you with this. Just drop us a line.
Doggy daycare and our calming canines
With us going into one of our hugely busy periods and with the added stresses of Christmas looming, I want to make sure we keep a calm environment in the office and that we maintain focus and productivity. With most of my team members either being dog owners or wanting to be, I decided that we could try allowing people to bring their dogs to work. It’s been a great success and we now have some very calm and sleepy dogs padding about (so if you call us and here some barking in the background you know why). We're happy to introduce you to Dodford, Pebbles and Tipex:
That’s it for another month. Stay safe and I’ll be back in touch in December.