TL;DR The UK job market is getting tighter. This heightened competition will inevitably place additional pressure on applicants. If you are looking for a new job, try a new type of service called a Jobseeker Support System. Jobseekers will get a new job faster and with less stress with the help of the Jobzi Jobseeker Support System, or at least know what is stopping them get one. Jobseekers benefit from structured, speedy and sane job seeking. This provides better economic and mental health outcomes for individuals and society.
All the data point to a worsening employment situation in the UK. Unemployment has risen to 4.2%, signalling a challenging environment for job seekers. Simultaneously, economic inactivity has risen to 22.2% in February 2024. In January 2024, advertised job vacancies plummeted to 867,436. This represents a year-on-year decline of -14.6% and a month-on-month drop of -6.6% compared to December’s figures. The scarcity of available positions has intensified the competition among job seekers. The stark reality emerges: there are nearly twice as many job seekers as there are vacancies, with vacancies down by -15.1% compared to the same period last year, the imbalance persists. The ratio of 1.86 jobseekers per vacancy is the highest since August 2021. This trend is not new. LinkedIn published a 24% decline in UK hiring rates from August 2022 to August 2023. So, if you have not had much luck in getting a job recently, then you are not alone.
However, despite the worsening outlook, everyone looking for a new job has an individual story and a unique set of experience and skills. However, the current recruitment industry is not built around the needs of the individual candidate. The only real option candidates have these days is to sign up for a couple of job boards register with a few recruitment agencies and hope for the best. It would not be so bad, but 80% of applications never get a response, so candidates never really understand why their application was unsuccessful. 21st century job search is unstructured and haphazard. It is little wonder that job search depression is now a thing.
If you are not paying for the service you are the product
Why, given all the available technology and recruitment services, is finding a new job so time-consuming and exhausting? Surely it is not too complicated to have technology or services in place to help with this?
The problem is that the entire modern recruitment process is built and paid for by employers and recruitment agencies. It is not in their interest to provide candidates with feedback or even provide a candidate-centred application process. Recruitment agencies are incentivised to gather as many CVs as possible to offer what they have to employers when the opportunity arises, so some job posts are inevitably fake. Just like social media business models, the recruitment industry relies on your freely available data to work, and just like social media, you pay the cost of this “free service” to your mental health.
To solve the problem, what is needed is a service that genuinely works for and on behalf of job seekers. A service is needed that constantly searches for job postings that match your job title, location, and target salary (or higher), and automatically applies for the job for you. Even if you are working as a Barista or other temporary current job, you will receive calls and emails asking for you to attend an interview for a job that is a better fit for you.
The team at jobzisupport.com has developed the UK’s first Jobseeker Support System to make it super simple for British workers to get the jobs they are qualified to do and get paid what they are worth. We are a UK-based technology start-up, not a recruitment agency. We aggregate data from all active job posts, identify the best-paid and best-fit jobs and accelerate and up-scale the application process through AI-powered automation. The Jobzi Jobseeker Support System provides jobseekers with a structured process to organise, focus and accelerate job seeking.
If you want to find that perfect job as soon as possible, or just looking for the best roles out there, then you should be using a data-driven (AI-powered) Jobseeker Support System.
A Jobseeker Support System gives you:
Don’t do job search alone, get the support of the UK’s best Jobseeker Support System. Try the AI-powered jobzisupport.com Jobseeker Support System. Any adult in the UK can register for Jobzi by going to https://jobzisupport.com/. Just register, specify your job title, location, wage target and upload your CV. Jobzi will do the rest.
Photo by Andrea Piacquadio