Since contractors still have trouble filling positions, the number of applicants for open positions in the construction industry has almost halved this year.
As per the most recent data from the Association of Professional Staffing Companies (APSCo), people are delaying changing professions due to the cost of living crisis. Despite a 6% decline in job openings between January and October 2022, data from the industry leader in job boards, Broadbean Technology, showed that the number of applicants per opening fell by 44% during that same time, a much faster rate than the overall decline in vacancies.
Companies used compensation inflation to entice new hires, resulting in a 4% pay increase across the industry. According to Ann Swain, Global CEO of APSCo, “the greatest problem for recruiters across the sector is the ongoing decline in application numbers. At the same time, the construction business has had a roller coaster in terms of jobs throughout 2022.
Read to know more: How to Hire Overseas Workers to fill Recruiting Gaps in the UK.
She further stated, “we don’t expect to see a turnaround in hiring very soon, according to the most recent data, demonstrating that the economic uncertainty since the beginning of September has slowed hiring.”
Employing the Enquirer employment pages, which are seen by a sizable audience of industry professionals, can help construction companies find fresh personnel. Editor Aaron Morby stated that Enquirer is a must-read for construction professionals daily, making it the ideal source for hiring. You will lose out to competitors in this very competitive market if you don’t have a recruitment presence in the Enquirer.
Overall, the construction industry has seen a decline in applications for roles and increased competition. Employers need help to recruit construction workers every day. Many UK businesses need help filling positions due to the skills shortage. By hiring professionals worldwide, Dynamic Staffing Services significantly addresses the skill gap.
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