Industry Research : Wales is Now One of the Top Areas in the UK for Jobseekers
Wales has become one of the top areas in the UK for jobseekers according to workforce group Manpower.
Confidence among employers in Wales was booming in the fourth quarter, according to Manpower.
It found business investment and growth in Cardiff is driving demand for HR and legal professionals.
Manpower's survery also said customer service is also an area of focus, with call centre investment in and around Cardiff across a diverse range of companies, including telecomms providers and promotional merchandisers.
It found Bridgend is buoyant for roles in the engineering and technical sectors with steady demand in the town for NHS positions, such as clerical and admin roles, as well as hospital catering.
The Manpower Employment Outlook Survey is based on responses from 2,101 UK employers. It asks whether employers intend to hire additional workers or reduce the size of their workforce in the coming quarter. It is used as a key economic statistic by both the Bank of England and the UK government.
"Job prospects in Wales in the fourth quarter continue the upward trajectory that we have seen over the last few quarters," said Krissie Davies, operations director at Manpower UK.
"This is great news for candidates, employers and the region’s economy and, interestingly, the Welsh jobs economy has thrived even when the national average has taken a dive, making Wales one of the nation’s top areas for jobseekers.
"There are also a number of hot spots within the region.
"In Cardiff, business investment and growth is driving demand for HR and legal professionals. Customer service is also an area of focus, with call centre investment in and around Cardiff across a diverse range of companies, including telecomms providers and promotional merchandisers.
"This is fuelling demand for candidates with customer service and sales experience.
"Elsewhere, Bridgend is particularly buoyant for roles in the engineering and technical sectors. We’re also seeing steady demand in Bridgend for NHS positions, such as clerical and admin roles, as well as hospital catering.
"As we’re seeing in other thriving areas, counter offers are on the rise within Wales. Good quality candidates are approaching the jobs market with confidence and know their worth. Some employers have been slow to catch on to this and are suffering the consequences of delaying their recruitment decisions by losing their first choice candidate to a competitor. In today’s candidate-driven market, employers need to ensure that their recruitment process is smooth, efficient and leaves applicants with a positive impression."
Overall, the UK jobs market stands at its least optimistic level in three years, at +4%.
ManpowerGroup’s data suggests employers are already feeling the impact of the National Living Wage, scaling back their recruitment plans in the fourth quarter of 2015.
The policy will see six million people receive a 6% pay rise each year until 2020, but the Office for Budget Responsibility estimates that the extra costs could mean up to 60,000 job losses.
James Hick, ManpowerGroup solutions managing director, said: "An unintended consequence of the introduction of the new Living Wage is that firms might try to bypass the legislation altogether.
"We anticipate that some employers may look to mitigate the extra costs by taking on more younger or self-employed workers, who are not entitled to the National Living Wage.
"While on the surface this could be good news for youth unemployment, which currently stands at 16%, it could push a greater proportion of young people into low skilled jobs, resulting in an influx of less experienced workers into social care and other sectors hardest hit by the new legislation.
"Meanwhile, candidates under the age of 25 have been asking us why it is they will be paid less despite doing equal work."
Posted by Veronica Silva Cusi, news correspondent
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Published: Monday, September 7, 2015