The most recent up to date snapshot of the labour market has been provided by the Herefordshire & Worcestershire Chamber of Commerce and Hewett Recruitment with the release of the latest Salary & Benefits Report.
According to the Office for National Statistics job vacancies have risen to over 1 million, the most since records began with the level of jobs available exceeding pre-pandemic levels. This has led to enhanced competition for labour which presents an issue to businesses when recruiting and retaining staff.
The 2021-22 Salary & Benefits Report will allow your business to benchmark your offering against your competitors and see how others are reacting to a change in attitude from employees. The report includes information on the salary packages of different roles over a variety of sectors and includes a special mention on the role flexible working has played in employee’s benefits packages.
The increase in remote working, as a result of the pandemic, has seen businesses re-evaluating their flexible working policies and recruitment strategies now that remote working has become an option. It is important businesses are considering such factors when developing their employee packages. The Report will help your business to consider how you can begin to think about factoring in remote working to better position your business in the labour market.
Sharon Smith, Chief Executive of Herefordshire & Worcestershire Chamber of Commerce, said: “Attracting and retaining people with the right skills is without a doubt, one of the most challenging barriers firms continue to face.
“The Salary & Benefits Report will go a long way in supporting businesses to ensure they are providing current and future employees with a competitive package and not falling behind the competition. I would urge all businesses to read the report to benchmark your offering and see what other businesses are doing differently to attract skilled workers.”
The Report was launched at the recently held HR Conference, where a number of speakers discussed the hot topics in the world of HR. The event was well attended and saw over 80 HR professionals gather. It provided the perfect opportunity to release the digital version of the report, Laura Hewett of Hewett Recruitment delivered the launch.
Laura Hewett, Owner & Director of Hewett Recruitment, said: “We are seeing businesses across Herefordshire and Worcestershire stepping up to the challenge and really showing some creativity to position themselves as ‘employers of choice’. Candidates know they have choice and as such are becoming much more discerning when choosing their next employer.”