Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Homeworking matches salary as priority for recruits, says CIPD

by September 27, 2022
September 27, 2022
Homeworking matches salary as priority for recruits, says CIPD

Flexible and remote working opportunities are proving as important as salaries for new recruits, as the continued skills shortage means that jobseekers hold most of the cards when it comes to finding work.

More than two thirds of employers said that they had managed to attract and retain more top talent by offering the chance to work from home for at least part of the time, according to research from the Chartered Institute of Personnel and Development, the group that represents the HR industry, in conjunction with Omni, the recruitment business.

More than half of the organisations surveyed that had previously struggled to recruit said that they had changed their job adverts to offer greater work flexibility in an effort to address this.

Career development opportunities were another attractive proposition for those looking for work.

Despite the downturn, unemployment is at its lowest since 1974 at 3.6 per cent in the three months to July, a 0.2 percentage point fall from the previous quarter.

Rather than an increase in the number of people in work, the low level is being attributed to a rise in the number of people not working because they are studying or are in ill health.

At the same time as the labour pool has shrunk, inflation is rising at its fastest rate for almost 40 years, with prices 9.9 per cent higher in August than they were the year before, a real challenge for businesses and households.

Even if they wanted to, businesses would struggle to keep pace with this. The average pay packet, excluding bonuses, lagged behind, up by only 5.3 per cent in the three months to July 2022. As a result, employers are having to find other ways to attract staff.

Louise Shaw, managing director at Omni RMS, said: “There is a constant battle for top talent. Unrealistic salary inflation is not only unsustainable for employers, but will also have limited success long-term.

“Candidates want more than just good pay and are seeking meaningful jobs that are culturally and personally rewarding.

“Less forward-thinking organisations find themselves at the mercy of a labour market, the likes of which we haven’t seen before, with competition for skills creating retention pressures that recruitment cannot contend with.”

Read more:
Homeworking matches salary as priority for recruits, says CIPD

0
FacebookTwitterGoogle +Pinterest
previous post
Liberal Journalist Thinks The Constitution Must Be Rewritten To Stop Donald Trump
next post
TikTok faces fine for children’s data failures

You may also like

Debt-stricken companies face increasing risk of credit-risk downgrades

October 18, 2022

Deputy PM: AI set to be Bigger than...

August 14, 2023

40,000 UK SMEs seek finance as spiralling costs...

September 13, 2022

Kwarteng leaves Washington early with another mini-budget u-turn...

October 14, 2022

Key Regulatory Challenges for the UK iGaming Industry...

January 3, 2025

Bank of England announces 0.5 percentage point rise...

September 22, 2022

Electric vehicle leasing group Onto collapses after L&G...

September 12, 2023

Dragons’ Den entrepreneur reaps rewards after rejecting offer...

June 20, 2023

UKEF joins new international alliance to help export...

December 4, 2023

Jeremy Hunt Hints at October General Election

March 20, 2024

Debt-stricken companies face increasing risk of credit-risk downgrades

October 18, 2022

Deputy PM: AI set to be Bigger than...

August 14, 2023

40,000 UK SMEs seek finance as spiralling costs...

September 13, 2022

Kwarteng leaves Washington early with another mini-budget u-turn...

October 14, 2022

Key Regulatory Challenges for the UK iGaming Industry...

January 3, 2025

Bank of England announces 0.5 percentage point rise...

September 22, 2022

Electric vehicle leasing group Onto collapses after L&G...

September 12, 2023

Dragons’ Den entrepreneur reaps rewards after rejecting offer...

June 20, 2023

UKEF joins new international alliance to help export...

December 4, 2023

Jeremy Hunt Hints at October General Election

March 20, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • UK bond yields fall as markets welcome Starmer’s backing of Reeves

      July 3, 2025
    • UK bond yields fall as markets welcome Starmer’s backing of Reeves

      July 3, 2025
    • Ryanair and easyJet cancel hundreds of flights over French air traffic control strike

      July 3, 2025
    • Ryanair and easyJet cancel hundreds of flights over French air traffic control strike

      July 3, 2025
    • Vodafone franchisee scandal prompts parliamentary support and calls for regulatory reform

      July 3, 2025
    • Vodafone franchisee scandal prompts parliamentary support and calls for regulatory reform

      July 3, 2025

    Categories

    • Business (8,378)
    • Investing (2,094)
    • Politics (15,927)
    • Stocks (3,187)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved