Market Intelligence Reports

EMEA Market Report Q3 2022

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44 Talent Solutions – EMEA QMR Q3 2022 United Kingdom 2022 Regional TWI Ranking (out of 33 Countries) Manpower 2022 Total Workforce Index 2022 Global TWI Ranking (out of 64 Countries) Global: 6 Availability: 2 Cost: 51 Regulation: 5 Productivity: 32 Region: 2 Availability: 1 Cost: 20 Regulation: 2 Productivity: 15 Remote Readiness 11 Remote Readiness 8 ▪ In the ManpowerGroup 2022 Talent Shortage Survey, 78% of Employers in the United Kingdom were struggling to find talent. ▪ Hiring is Slightly Difficult. ▪ 966,896 Open Vacancies (end Sept) ▪ Average time to fill is 36 Days Q3 2022 Total Labor Force (000s) 33,945 Employed Workers (000s) 32,723 Unemployed Workers (000s) 1,222 Unemployment Rate 3.6% Youth Unemployment Rate 9.1% Hiring Demand Trend for All Positions Hiring Demand Trend by Selected Job Function ▪ Year on Year inflation as of August was 9.9% ▪ Wage Inflation (Year on Year) in July was 5.5% ▪ Full parity of pay and benefits is required after 12 weeks. Inflation and Wage Growth Work Force Statistics Employment by Industry Talent Neuron Sources: https://ilostat.ilo.org/data/ https://data.worldbank.org/ https://tradingeconomics.com/ https://www.ons.gov.uk/employmentandlabourmarket/

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