15th January 2013 - Business News

Jobs market picks up pace for 2013 as confidence returns

Confidence has returned to the UK jobs market, as over a third of workers (39%) set their sights on new roles for 2013 and job opportunities continue to rise year-on-year. This is according to a new report which canvassed the attitudes of 1,500 employers and employees.

The Reed 2013 Salary and Market Insight report shows three quarters of workers (74%) feel secure or very secure in their current role. It is this sense of security, coupled with the growth of job opportunities over 2012, which has given the UK’s workforce renewed confidence.

The reed.co.uk Job Index, a monthly tracker of employment trends across the UK, also showed that the jobs market started 2013 at its strongest for three years, with a 10% increase in new job opportunities year-on-year. This indicates that businesses are feeling secure enough to invest in their workforce.

“The jobs market is a good indication of the mood of business and the increase we have seen in job opportunities over the past year indicates economic confidence,” Tom Lovell, Group Managing Director at Reed, commented.

“Businesses are feeling confident to invest in talent and it is encouraging that this has now translated into confidence for workers to look for new roles too.”

The report also highlighted that 61% of businesses are worried about staff moving on to seek better opportunities, despite the same number of employees saying they are satisfied in their current role. In response to this, businesses have increased the financial rewards given to employees, with staff entertainment up 8%, bonuses up 6% and pay rises up 4%.

“While it is clear some employers are concerned about losing talent, it is important to remember that a buoyant jobs market presents opportunity,” Tom Lovell continued.

“Employers wanting to hold on to talent should ensure they are investing in staff — through training and promotion opportunities — and those that are looking to recruit can be confident that the available talent pool has widened.”

via Jobs market picks up pace for 2013 as confidence returns.