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

Future Retirement Success

Business

Record surge in job applications as UK vacancies dwindle

by December 16, 2024
December 16, 2024
Record surge in job applications as UK vacancies dwindle

The UK’s labour market is coming under intense strain as the number of applications per advertised job surges dramatically, reflecting deep-rooted economic uncertainties and a tight hiring climate.

According to data from talent acquisition platform Tribepad, the average number of applications per vacancy hit 48.7 in November—an astonishing 286% increase on the same month last year. In raw terms, candidates are sending out far more CVs: total applications between September and November soared to more than 4.5 million, a 64% rise on the year.

The figures were released just weeks after the Chancellor’s autumn budget, which has prompted businesses to rein in spending and hiring. Tribepad’s analysis indicates a 24% year-on-year drop in roles advertised between September and November, despite a modest seasonal boost as retailers and hospitality firms scaled up for the festive period. November alone saw a particularly sharp dip, with job postings falling by 43% compared to 2023.

This imbalance—few jobs and a glut of applicants—is putting employers and candidates on edge. Despite the rollout of shared hiring platforms and automated recruitment tools, employers are facing a flood of applications that can be difficult to manage. Some analysts suggest the spike may be partly due to job hunters using artificial intelligence to generate more applications more swiftly, seeking to maximise their chances in a cut-throat environment.

Meanwhile, workers are feeling the squeeze. After 28 consecutive months of declining vacancies, opportunities are scarce and competition fierce. While certain sectors, including retail and hospitality, offered a brief autumn reprieve, many businesses are either scaling back permanent hires or shifting resources elsewhere.

Dean Sadler, chief executive of Tribepad, said: “The surge in applications per job to nearly 50 on average is a clear sign of an extremely competitive market. Employers must rethink their recruitment strategies not just to handle the volume efficiently, but to ensure fairness and remove bias. It’s critical that, despite the influx, the hiring process remains equitable, offering everyone a fair chance.”

With economic headwinds continuing to bear down on businesses and households alike, the UK’s labour market looks set to remain a challenging battleground into the new year.

Read more:
Record surge in job applications as UK vacancies dwindle

0
FacebookTwitterGoogle +Pinterest
previous post
US warns Americans to flee Syria or prepare to ‘shelter in place for extended periods’
next post
There Are Many Ways to Fix Bank Regulation—Here’s a Start

You may also like

Inflation forecast hit two-year low

March 16, 2024

Action must be taken now on regulation of...

November 10, 2023

How partnerships and networking can help grow small...

February 26, 2025

CMA Launches Probe into Nationwide’s £2.9bn Takeover of...

May 31, 2024

Remaining Authentic as an Entrepreneur

July 6, 2024

UK SMEs harnessing AI to empower business growth

June 1, 2023

Why is crypto down? Bitcoin slips below $90,000...

February 26, 2025

Belgian EU Presidency sounding alarm on urgently-needed tobacco...

May 2, 2024

Secrets of Success: Dr Ed Gladman, CEO Adlington...

November 27, 2023

John Barnes banned from company directorships over unpaid...

April 25, 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

    • House Tax Bill Doesn’t Kill Green New Deal Subsidies Fast Enough

      May 15, 2025
    • UAE’s president bestows highest civilian honor on Trump

      May 15, 2025
    • US military would be unleashed on enemy drones on the homeland if bipartisan bill passes

      May 15, 2025
    • House Dems open investigation into Trump’s acceptance of $400 million jet from Qatar

      May 15, 2025
    • Wagyu Farmer in Congress Wants Tariffs on Australian Wagyu

      May 15, 2025
    • Young Americans Like Socialism Too Much—That’s a Problem Libertarians Must Fix

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,963)
    • Politics (15,235)
    • Stocks (3,084)
    • 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