- Recruitment giant Hays has warned that Britain is becoming an "unattractive" environment for businesses seeking to hire permanent staff.
- This trend is primarily driven by mounting wage pressures, including the national minimum wage increase in April, and recent tax hikes such as national insurance changes.
- As a result, companies are increasingly exploring automation and offshoring strategies, opting to digitalise or outsource work that is not considered essential for human involvement.
- Hays noted a decline in employee loyalty, with staff preferring project-based work, while cost of living worries are making workers less confident to move jobs, lengthening vacancy fill times.
- To remain competitive, Hays advises UK employers to embrace new workforce models that combine permanent, contract, and project-based roles, alongside investment in both their people and digital assets.
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