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Business confidence ‘continues to blossom’ in hospitality

23rd Jul 2018 - 09:27
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Despite economic and wider Brexit uncertainty, new data has revealed that job vacancies in the hospitality sector are up 18.7% compared to Q2 2017, as businesses across the sector ‘remain confident’ in their hiring efforts.

The latest figures come from online job site CV-Library, and compare data from Q2 2018 with that from Q2 2017.

 

With hospitality coming in at fourth place, the top 10 sectors for job growth in the UK is as below:

  1. Agriculture – jobs up by 38.2%
  2. Legal – up 26.6%
  3. IT – up 19.9%
  4. Hospitality – jobs up 18.7%
  5. Manufacturing – jobs up by 17%
  6. Education – jobs up by 15.3%
  7. Retail – jobs up by 13.2%
  8. Construction – jobs up 12.6%
  9. Accounting – jobs up by 11.6%
  10. Recruitment – jobs up by 10.8%

 

And further good news is that a number of industries also witnessed ‘above-average’ pay rises - with the hospitality sector coming out on top as advertised salaries rose by 3.3% YOY.

 

CV-Library founder and managing director, Lee Biggins, commented: “Another year has passed and there’s still a great deal of uncertainty surrounding Brexit and what this will mean for many businesses across the hospitality sector - especially as the industry often relies on EU workers.

 

“Yet despite this, employers across the industry appear to be showing resilience, as they’ve continued to drive their recruitment efforts in the last 12 months.

 

“According to the Recruitment and Employment Confederation (REC), the last quarter saw starting salaries rising at the fastest pace in three years and this rise in pay is reflected in our own data.

 

“It’s clear that businesses across the hospitality sector are pulling out all the stops, offering competitive salaries in a bid to attract talented new recruits to their vacancies.”

 

However, it seems their attempts have fallen short as application deadlines conversely decreased in the last quarter, suggesting that hospitality professionals are ‘feeling uncertain’ about looking for a new position.

 

Biggins added: “It’s not surprising that candidates in the hospitality sector are feeling cautious, with ongoing economic uncertainty causing many to seek stability in their existing role.

 

“Businesses in the industry are taking positive steps to encourage candidates to begin moving in the job market, and as we continue moving towards our exit from the EU, we hope to see candidates confidence pick back up.”

Written by
Edward Waddell