LONDON (UK) – Struggling with the pandemic crisis, more businesses in the UK are planning to slash job recruitment or freeze it altogether compared to last year, according to a survey on Friday.
According to the annual report from the Confederation of British Industry and the Pertemps Network Group recruitment firm, 51% of companies planned to keep the recruitment momentum or increase its pace next year while 46% predicted a slash in hiring new recruits or a complete freeze.
“The UK labour market has been under heavy stress since the outset of the Covid-19 crisis and, although the economy has started to re-open, pressure on firms remains acute,” said Matthew Fell, the CBI’s chief policy director.
According to the survey, one in three companies said they planned to implement a pay freeze.
