Level of optimism dips in the UK’s job market

Tensor Workforce Management System

The level of optimist across the UK’s job market has reached its lowest level since the final quarter of 2012, a fresh report from one of the UK’s leading consulting firms has been able to reveal.

The Manpower Employment Outlook Survey of 2,101 UK employers found that the national seasonally adjusted net employment outlook has dropped two percentage points to +4% as a direct result of the introduction of the national living wage.

The national living wage, introduced in the summer budget, will see six million people over the age of 25 receive a 6% pay rise each year until 2020. But the Office for Budget Responsibility estimates that the extra cost to businesses could result in up to 60,000 job losses.

James Hick, managing director of ManpowerGroup Solutions UK&I, said he anticipated some employers looking to mitigate the extra costs by taking on more young or self-employed workers, who are not entitled to the national living wage.

“While on the surface this could be good news for youth unemployment, which currently stands at 16%, it could push a greater proportion of young people into low skilled jobs, resulting in an influx of less experienced workers into social care and other sectors hardest hit by the new legislation.”

Tensor plc – streamlining your workforce management

Companies planning to evaluate their approach to staffing should also consider the implementation of a very solid and reliable workforce management solution, designed to help them better cope with the arrival of new employees.

Tensor plc is an UK market leader in the field of time and attendance and workforce management solutions. We supply a full range of solutions designed specifically to streamline workforce and skill management within companies of any sizes. Our WinHR suite enables managers to save and easily access a wide array of data pertaining to each of their employees, thus allowing them to better use the available resources and skill ranges at any given moment.

Moreover, Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.

If you’d like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.

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