Human Resources Market Update

Reviewing The HR & Training Market So Far

1 November 2016

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Now that we are well into Q4 this year, I was keen to send out some notes around market conditions across the year so far.

Candidate activity across the board has been rife this year and high demand for HR Assistants both on permanent and contracts has resulted in a slight increase of salary on offer at this level. To assess the full extent of this impact, we will be conducting a salary survey over the coming weeks and will be sure to pass the findings on.

There has also been a hike in graduate recruitment across multiple disciplines as well as in HR and, there has been more success and opportunity for people this year than we have seen in the last 3 or 4 years, with businesses identifying this is a key area for succession planning purposes. Typically, these people tend to have internships or placements in their experience but, still a positive sign for the HR market and growth.

The mid-level of the market (HR Officer / Adviser) has been a bit trickier with a number of 9-12 month contracts making an appearance, mainly on either project basis or to cover maternity leave. Salaries at this level haven’t seen much movement this year in the main and demand for this level of candidate has been lower than previous year, However, HR Systems and Reward Specialists for contract work are able to command a premium rate due to a specialist skillset. There has been significant growth in the Reward space this year with a number of new roles coming to market in the latter half of the year.

In terms of your CV – employers are still looking for added value projects or key achievements to be listed alongside your key responsibilities and having detail around HR Systems experience or Pay and Reward as part of a generalist remit is attracting attention due to ongoing projects within HR departments. Lots of the larger companies have been focusing on Digital Transformation and Engagement and Attraction strategies.

Q3 of this year was the busiest across the board, with lots of agencies and industries seeing a spike in activity. We are hoping that this will continue into Q4, however, at the moment things are not as buoyant as we would like despite lots of positive developments in the general business market and 0.5% growth across the UK economy. We are working with a number of clients at the moment who are going through significant growth both organic and through acquisition.

Overall, the market has been busy and kept moving despite the usual restructures and redundancies which have mainly been due to HR Centralisation within the retail or related industries. December and January are historically slightly quieter months for recruitment unless there are urgent requirements which typically come in the form of temporary or fixed term opportunities.

In early 2017, myself and Linzi Murphy will be organising a personal development event in partnership with the CIPD. Keep a lookout on our website and social media channels for more information.

If you have any questions or are wanting a further confidential conversation around your career options, please do not hesitate to get in touch with me on 0131 322 2615 or 0141 353 8389.

 

 

Written By Monica Lochrie

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