Recruitment Funding Shortages in the UK
Most recruiters in the UK face funding shortages, with 56% struggling to secure sufficient recruitment funding, according to Totaljobs.
The average time to hire has increased to eight weeks, up from 4.8 weeks last year. Despite this, 30% of large firms and 25% of SMEs plan to boost hiring next year.
- 58% of employers are confident in securing the talent they need.
- 25% of businesses have increased their hiring of temporary workers and freelancers over the past six months.
“During financial uncertainty, the biggest risk isn't the recruitment cost, it's the massive, hidden cost of a bad hire.” - Olive Turon, head of people and culture at TestGorilla
Author's summary: Recruiters face funding shortages in the UK.
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