Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies.
This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community?
When it comes down to it, the term ‘war for talent’ reflects a fundamental shift in power in the job market, in favour of the employee, according to Hannah Ford, a partner and employment expert at law firm Stevens & Bolton.
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Hannah Ford