Economic uncertainty fuels “fright status”!

Economic uncertainty fuels “fright status”!

Are we talking ourselves into a negative corner as economic uncertainty and continued and increased competition for scarce candidates breeds a hesitancy to commit to new hires?

The Royal Bank of Scotland Report on Jobs is compiled by S&P Global from responses to questionnaires
sent to a panel of around 100 Scottish recruitment and employment consultancies. Headlines from the March survey are:

Permanent placements fall for 2nd month running whilst supply of permanent job seekers continues to be exceptionally tight.

Salary pressures remain.

Companies hesitant to commit to hiring but equally labour supply continues as we see a sharp fall in number of candidates for permanent placements

Vacancies rise at slowest pace in just over 2 years.

Permanent placements across Scotland fell for the fifth time in the past six months in March however was still stronger than that recorded for the UK as a whole.

A further drop in permanent labour supply was recorded across Scotland in March, thereby stretching the current run of contraction to 26 months.

The UK as a whole recorded the first rise in permanent labour availability in over two years

IT & Computing 2nd strongest jobs market of the 8 sectors tracked behind Nursing/Medical/Care only.

Temp vacancies fall again in March

The overriding anecdotal evidence is that much of this is caused by cost of living crisis and increased competition for scarce candidates.


Enigma People Solutions specialises in the recruitment of specialist roles in the deep tech sector.

We also offer a complimentary recruitment review. If you have tried the following but have still failed to attract the right candidates, we can help you:

  • If you’ve advertised the position but didn’t attract the applicants that you require
  • You’ve asked your team for referrals 
  • Talked to people in your own network
  • No internal candidates have applied
  • Advertised on job sites and your own website

If that describes your experience, then you need a new approach to your recruitment. Email us or call 0131 510 8150 to find out more and to book your complimentary recruitment review now. 

Visit our job search page for the latest vacancies in photonics, electronics, semiconductor, and software in Scotland. Check out our blog for the latest in the technology industry.

Enigma People Solutions is an award-winning technology recruitment consultancy. We find technical leaders for the emerging and enabling technology industries. Visit our services page for more information. Visit our job search page for the latest vacancies in photonics, electronics, semiconductor, software and IoT in Scotland and the UK. Check out our blog page for the latest in the technology industry. You can get in touch with us or call us on + 44 131 510 8150