For the first time in over three years, this March, there were more vacancies for employee relations specialists than training/learning across the private sector in the UK. While this was just one month, the signs are that in April, it is set to repeat, at which point this could indicate corporations are shifting their priorities when it comes to their staff.
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Post-pandemic economy shifting from London: HQ function vacancies down to 41.2% from 47.8% in 2019.
As we approach the end of April, the general consensus is that the market is on the up, that Q1 was a busy quarter and there is positive sentiment, looking ahead. When you compare Q1 2024 to Q4 2023, it is not surprising for sentiment to be as such, after all, there was an 18% increase in vacancies quarter on quarter!
For recruitment agencies supplying limited company contractors, it’s vital to have a good understanding of IR35 legislation and processes in place to reduce and mitigate risk. Whilst the IR35 legislation has been in place for over 20 years, the Off-Payroll reforms created a tax exposure for recruitment agencies that did not previously exist.
