Hamlyn Williams’ Post

What the UK general election could mean for the recruitment sector? Key Areas of Impact: - Employment Laws: Watch for minimum wage increases and changes in working hours and employee rights. - Immigration Policies: New rules affecting foreign talent availability, especially in healthcare and tech. - Economic Policies: Business confidence and hiring trends influenced by government stances. - Skills Development: Enhanced vocational training and STEM education initiatives. - Public Sector Jobs: Increased demand in healthcare, education, and green initiatives. - Sector-Specific Growth: Opportunities in renewable energy and tech innovation. - Diversity & Inclusion: Adapting to new equality legislation. It’s been a tough years for the recruitment sector and the macro economic outlook is unlikely to change overnight, but our market is resilient! Unemployment is historically low, and todays data from KPMG and Recruitment & Employment Confederation on the UK labour market as well as expected interest rate cuts, inflation easing and increased consumer confidence over the summer.... let's hope for a move towards a stronger economic outlook for the second half of 2024! How do you see the Labour victory impacting the UK Jobs market? #GeneralElection #LabourMarketOutlook #UKJobs #RecruitmentSector

🚨 Labour's victory in the 2024 UK General Election is a turning point! Neil Carberry, REC Chief Executive, emphasises the importance of a strong partnership between the new government and businesses to drive growth and prosperity across the UK. Key points: 🌟 Labour's industrial strategy must focus on people and offer choices in how and when they work. 🌟 The flexible labour market is crucial, especially in health, social care, and education sectors. 🌟 Labour has the opportunity to improve public sector services by collaborating with employers, unions, and agencies. Read the full press release here: https://bit.ly/3WbcVTd 💼🤝 #UKElection2024 #LabourVictory #BusinessGrowth #FlexibleWorkforce

🗳 Enhanced Economic Optimism Post-Election 📈 As we approach the upcoming UK election, there’s growing optimism about its potential to positively impact the recruitment market. The election result can provide a more stable base for the economy, reducing uncertainty and encouraging businesses to invest and expand. This stability fosters a climate of confidence, which is essential for economic growth and job creation. A stable political environment is crucial for economic growth. According to a study by the Centre for Economic Performance at the London School of Economics, political stability significantly influences business investment decisions. With clear and stable governance, businesses are more likely to undertake expansion plans, leading to increased hiring across various sectors. The recruitment market thrives on economic certainty. The Chartered Institute of Personnel and Development (CIPD) has consistently highlighted that periods of political stability correlate with increased business confidence and hiring intentions. In their latest Labour Market Outlook report, the CIPD noted that employer confidence in the UK economy directly affects recruitment plans, with more stable periods seeing higher recruitment activity. Moreover, government policies introduced post-election can further stimulate the job market. For instance, policies aimed at supporting small and medium-sized enterprises (SMEs), which make up 99.9% of the UK business population according to the Federation of Small Businesses (FSB), can drive significant employment growth. Furthermore, sectors like technology and healthcare, which are critical for the future growth of the UK economy, stand to benefit from focused government initiatives. According to Tech Nation, the UK’s tech sector is growing 2.6 times faster than the rest of the economy, and continued government support can enhance this trend, creating numerous high-skilled jobs. In conclusion, the upcoming UK election has the potential to provide the economic stability necessary for businesses to invest confidently in their growth plans. This stability will likely translate into a dynamic and robust recruitment market, offering more opportunities for job seekers and creating a thriving environment for recruiters. With targeted government policies supporting business growth, infrastructure investment, and key sectors, the UK job market is poised for significant positive change. #UKElection #Recruitment #JobMarket #EconomicStability #BusinessGrowth #FutureOfWork #EmploymentOpportunities #UKEconomy

Do you work in local government? About 2 million people across the UK do. The local government workforce has changed, mostly by getting smaller over the last 15 years, and recruitment and retention have become perennial issues across the sector. LGIU's Dr Greg Stride explores how interest in crucial public service roles could be reignited. #localgov ➡ Why work in local government? The future of local government careers in the UK https://lnkd.in/eMUVk_qg

Today the UK has awoken to a major shift in support for its main political parties following the results of the UK General Election. #Labour is returning to power for the first time since 2010 with a huge parliamentary majority of 174. The new government will bring change to the UK, particularly for UK investors and businesses. Regulatory reform, liberalisation of the planning system, nationalisation of the railways, changes to employment rights as well as further devolution of powers to enhance local infrastructure are all key manifesto pledges from the Labour party. The creation of a National Wealth fund and Great British Energy will also bring change to how the public sector engages with, and secures, private sector investment. As part of our Planning for Change series, each week we will be publishing a short summary of the key developments of the new government. Our Employment team’s new General Election Employment Tracker also analyses Labour’s employment policy commitments including its "New Deal for Working People". View here: https://lnkd.in/ea85aUmd Our latest Planning for Change podcast episode summarises some of the key findings from previous episodes and some of the takeaways from our recent General Election event with Paul Johnson CBE, as well as looking further ahead at the immediate aftermath of the election and towards the King’s speech. Listen here: https://lnkd.in/ew3qwxEi #UKGeneralElection #PreparingForChange

Working for the Future: Five Priorities for Reforming Employment Support in the Next Parliament IES Director Tony Wilson FIEP, who will be presenting at the IEP Summit on June 20th June, has shared his insights in a recent blog, setting out five proposals for the next government to make a meaningful difference and impact. Tony said “We have a great opportunity for reform in the next parliament, but this is increasingly a necessity too – so that our labour market can drive economic growth rather than hold it back, and can support a stronger and fairer society.”   https://lnkd.in/eVcs8b3c @IEPInfo #IEPNews #IEPEvents #Employability @TonyWilsonIES #EmployabilityElection #IEPSummit

Working for the Future: Five Priorities for Reforming Employment Support in the Next Parliament IES Director Tony Wilson FIEP, who will be presenting at the IEP Summit on June 20th June, has shared his insights in a recent blog, setting out five proposals for the next government to make a meaningful difference and impact. Tony said “We have a great opportunity for reform in the next parliament, but this is increasingly a necessity too – so that our labour market can drive economic growth rather than hold it back, and can support a stronger and fairer society.” https://lnkd.in/ehtZ_aDu @IEPInfo #IEPNews #IEPEvents #Employability @TonyWilsonIES #EmployabilityElection #IEPSummit

The Home Secretary has announced a five-point plan to cut immigration to the UK. This could have a severe impact on the industry's ability to recruit graduates and skilled workers. Not to mention how it will create a labor shortage and affect the cost of hiring. In general, these changes will make the UK a less attractive destination for investment. How do you think these changes will affect the industry? #Recruitment #FMCG #UKEconomy 

If Labour win the election then this book by CEO of the Resolution Foundation, and now Labour Candidate, Torsten Bell is likely to be the blueprint, (redprint?) for key policies. 170 pages in and it does not disappoint. With a focus on the need for growth, good employment and Housing. Great Britain? How we get our future back Highly recommended. Aiming to finish by the The Institute of Employability Professionals Summit. Looking forward to discussing with colleagues. #employabilityelection #workingforbetterwork

New EU funding for innovative ideas to reduce long-term unemployment and help people find jobs Today, the Commission launched a call for proposals worth €23 million to help EU Member States develop new ways of tackling long-term unemployment and support people to find their way back into the labour market. This was announced in the recent action plan to tackle labour and skills shortages in the EU. https://lnkd.in/eSFhTcy3