of hiring managers plan to recruit over the next 6 months.
of professionals in the UK plan on actively looking for a new job in the next 6 months - 5% down from last year.
of employers have lost out on hiring new talent in the last 6 months as they can’t compete on salary and benefits.
While the economic downturn weighs on the minds of employers, there remains a resounding belief that the right talent - that can drive progress and improvement - will remain hotly in demand.
- David LeitheadChief Operations Officer, Morgan McKinley UK
This is your opportunity to Go Beyond all expectations.
How can you be successful in the evolving talent landscape?
The top 5 hiring challenges companies will face in 2024.
of organisations in the UK found hiring ‘Very’ or ‘Quite’ competitive in 2023. The main barriers for recruitment in 2024 are…
- Lack of skilled candidates available
- No budget to hire
- Pay and benefits not competitive enough
- No sign off for new headcount
- Length of hiring process
What do people want? Key benefits to offer…
Employees in the UK are not very satisfied with the benefits they receive, with 59% being ‘neutral’, ‘dissatisfied’ or ‘highly dissatisfied’ with their packages.
Offering strong benefits, both financial and non-financial, increases your chance of attracting and retaining top talent.
- Work from home
- Bonus
- Pension (above statutory requirements)
- Health insurance
- Flexible working hours: Flexi-start, flexi-finish
Top 5 most desired benefits:
Flexibility is still high on the agenda.
Flexibility around working patterns remains a prominent request, yet 40% of organisations are asking staff to be in the office more regularly compared to this time last year.
Giving freedom around where and when your people do their work gives your attraction and retention a boost.
Up, down or flat? The state of salaries.
Significant salary increases seen in 2022 normalised in 2023 - with fewer vacancies, the power shifted. However, employers should be careful to not under offer as they will likely miss out on the top talent that understands their value.
51%
of organisations kept their salary bandings level over the second half of 2023.
70%
of employers plan to increase salary offers in 2024 for certain, hard-to-fill roles.
49%
of professionals are optimistic that they will receive an increase in 2024.
2024 UK salary guide.
Explore salaries to find out how much you should be paying your employees or how much you could be earning this year.
Compare salaries
Download your Salary Guide for 2024.
Salary data, insights and advice to guide your talent strategies. Benchmark what you are paying your teams against the industry averages for roles in your location.
A full range of Talent Services...
Whether you need new people to scale up your teams, or you’re looking for specific skills to help your business react fast, our full range of talent services will deliver. We Go Beyond to find you the right people.
Advice for successful hiring.
Pay and Perks: Your Winning Talent Strategy
43% of businesses outlined ‘Can’t compete on pay and benefits’ as the main reason they have lost out on hiring new talent in the last 6 months.
5 reasons why hiring processes are putting off top talent
In the complex world of hiring, finding the right balance often feels like a juggling act.
Recruitment process: How to make better hires in 7 steps
In a tough hiring climate, it is important that your recruitment process is as good as it can possibly be if you are going to hire the most talented people.
