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Rise Insights - October 2023: Employer confidence improve in the UK economy

​In the world of the job seeker, an increase in employer confidence can always come as great news. Recent months have witnessed a substantial upswing, and its impact on job seekers in the technical industry is looking especially promising. In this article, we'll explore what this positive shift means for those looking to advance their careers in the technical fields.

Dealing with inflation challenges in 2023 has been tough, but there's a silver lining. Notably, the UK's Consumer Price Index (CPI) inflation rate has decreased from a concerning 10.1% in March to a more manageable 6.7% by September. This is a good sign for technical businesses as it indicates that their costs are stabilising. As businesses regain their confidence, they are more inclined to invest in new tech products, services, and most importantly, in hiring new talent.

Employers are signalling that they will be hiring more staff.

Recent insights from the Recruitment & Employment Confederation (REC) affirm that employer confidence in hiring has returned to positive territory, marking a significant shift from the beginning of 2022. This renewed confidence isn't limited to just permanent roles; it extends to temporary positions as well, with forecasted demand for both categories for the next three months showing a substantial increase from -8 in the previous quarter, to +18.

What does this mean for job seekers?

If you're a job seeker, this shift in employer confidence is a reason to be hopeful. It means that more job opportunities are likely to emerge in the upcoming months. However, it's essential to navigate the competitive tech job market strategically. Here are some key tips to maximise your chances:

  • Tailor Your CV and LinkedIn Profile: Customise your application materials to match the specific job roles you're interested in. Highlight your technical skills and experiences that directly relate to the requirements.

  • Showcase Relevant Skills and Experience: Emphasise your technical skills and experiences that align with the positions you're pursuing. Showcasing your qualifications is crucial.

  • Prepare for Interviews: Be well-prepared to answer common technical interview questions with confidence and clarity. Your ability to communicate your technical strengths is key.

  • Follow Up: After job interviews, don't forget the power of a professional follow-up. A polite message can set you apart and reinforce your enthusiasm for the tech role.

As we look ahead, employer confidence is on the rise, and the intent to bring more talent on board is evident. For technical job seekers, this moment presents opportunities to advance their careers and make a difference in their respective field. At Rise Technical Recruitment, we're here to support you on your journey.

Take a look at the available jobs on our website, or contact us at to take the next step in your career.