Reacting to the publication, today, of the latest UK employment figures, which have seen unemployment levels fall by 97,000 to 1.86 million, Ingrid Waterfield, a director in KPMG’s People Powered Performance team, says:
“Just 24 hours after record breaking inflation figures were announced, we’re seeing yet more good news on the jobs front. Whether you are looking at life through a consumer lens or the watchful eye of an employee, prospects for the year ahead are certainly looking good.
“With spending power surging, many employees may now be thinking the time is right to look for a new job. Knowing that employers may finally be able to justify bigger pay packets to attract fresh blood will certainly be attractive but it is not the only carrot being dangled. Increasingly employees are looking at the brand behind the name, meaning that organisations have to think about their wider offering and their reputation for looking as part of any recruitment drive.
“It’s great news on one hand as a fluid job market can increase competition between businesses, but at the same time organisations will need to find ways of boosting loyalty as the risk is that if staff walk out the door, goodwill and knowledge frequently follow.”
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Mike Petrook, KPMG Press Office
KPMG Press office: +44 (0) 207 694 8773
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.