Welcome to our quarterly newsletter...

What an eventful Q3 it has been! As summer reaches its peak, there's much to discuss. We've experienced everything from rainy days following England's loss in the Euros final to the hottest day of the year having us all fighting over the air conditioning unit, and how could we forget England's impressive tally of 65 Olympic medals has given the nation a reason to celebrate.

The world of sports is not the only thing that kept us captivated this summer; the world of politics did too. The rise of a Labour government is making waves and creating new challenges and potential opportunities. Speaking of waves, we can’t still be the only ones wishing the great weather stays. Here at ACS Staffing Solutions, we are here to help make sure you feel secure in navigating the dynamic changes imposed by a Labour government. So let us help you cool down in this political heat so that you are aware of any impacts this may have on your business.

Keeping you up to date:

It’s our priority to make sure that we make you aware of the market. While there are many available candidates for roles, there is a decline in availability from employers. The number of temporary and permanent staff has increased as a result of the drop in demand, as well as redundancies.

Here are some statistics we think you should be aware of:

• In the three months to May, there were 98,000 redundancies, compared to 90,000 in March.
• In the last three months leading up to June, there was a decrease of 30,000 vacancies.
• After a 0.4% growth in the economy in May, it did not grow in June.
• June saw a further reduction to inflation rates, marking the lowest inflation rate since May 2021.

The data above highlights the struggles that come with hiring while there is constant change in the economy and laws. The spike in redundancies reveals the competitive market candidates are in when looking for a job, and it’s our job to fill the vacancies as they come. However, the decrease in inflation will be beneficial for both the employees and the business, which should lower costs. As inflation is reduced, we may start to see consumer spending habits shift back towards luxury spending as opposed to just necessities; however, this still depends on the actions of the labour government.

Blogs, brochures, and free downloads...

We are looking for Talent Managers

Round Table Discussion

We are looking for Talent Managers to join us for our next round table. Here we will discuss industry news, hot topics and what the future of HR looks like. Are you interested in joining us for this or for a future round table? Let me know here.

Watch our previous round tables here

What to Expect Now Labour is in Charge

Blog

Firstly, we need to know what is going on in the UK job market; permanent staff appointments continued to fall in July however, businesses have increased employee pay, arguably increasing the productivity of workers.?

Read more here

The August 2024 KPMG & REC UK Report on Jobs

Blog

“While the Bank of England's easing of interest rates will have provided a much-needed lift to businesses and the investment market, the impact on the economic outlook will not be felt immediately.''

Read more here

ACS Staffing Solutions?

Brochure

Our team of experienced professionals are dedicated to building strong and lasting relationships with both clients and candidates. We strive to understand your business and its specific needs, ensuring successful outcomes through the strategic placement of suitable individuals.

Download our brochure here

Brackmills Business of the Month

Blog

We were delighted to be featured as Brackmills Business of the Month in July. The Brackmills caught up with myself, and our Marketing Manager, Rebecca, about life on the estate and our 2024 projects.

Read the article here

Using Multiple Recruitment Agencies

Blog

In today’s competitive job market, finding the right talent quickly is crucial for business success. Companies often turn to?recruitment agencies to help them navigate this challenge, and some choose to partner with multiple agencies to fill their vacancies. But is this approach always the best?

Read more here

Our Guide to HR Compliance

Free Downloadable Resource

Excellent HR professionals are essential to any business. They handle all employee relations, freeing you up to focus on running your company. Let's take a closer look at what human resources actually entail.

Download our free ultimate guide to HR and discover what we know makes a great HR team.

Download here

As we navigate the evolving landscape of the job market together, we want to assure you that we are here to support you every step of the way.

For more information or to share suggestions for future newsletters, please contact me directly at chrisw@acsstaffingsolutions.co.uk.