A poll from PeopleScout highlights that employers across the UK - and in most sectors - are seeing a dramatic increase in the number of new starters who simply don't turn up on day one.
With candidates very much in the driving seat, employers are seeing a significant rise in the number of drop outs - with many volume recruitment employers now over-recruiting by up to 30% to ensure the required number of actual starters.
Reasons are varied - from counter-offers and accepting multiple offers through to lack of brand or hiring manager engagement as many employers look to simplify and streamline recruitment processes in a race to shorten time to hire.
As a result investment in recruitment marketing is rising - by up to 50% per role in some industries - as employers look for increasingly creative ways to broaden their reach and tap into new hiring communities, together with an increased focus on internal mobility and staff engagement.
And with the economic boom anticipated to continue for the rest of 2022 and beyond, I sense that talent pipelines are only going to get tighter.
November 2021 to January 2022 saw the number of vacancies reach another record high of 1,298,400, though the rate of growth continues to slow. In November 2021 to January 2022, the total number of vacancies increased by 113,600 on the quarter with the largest increase of vacancies seen in accommodation and food service activities, which was up 21,400 to a new record of 178,300 vacancies. In November 2021 to January 2022 the rate of growth was 9.6%, the lowest since February to April 2021, and down from 24.7% in the previous quarter. The ratio of vacancies to every 100 employee jobs continued to rise, reaching a record high of 4.3 in November 2021 to January 2022, with the majority of industry sectors displaying record high ratios.