Almost two thirds (64 per cent) of employers say the prospect of another coalition government after 7th May would have no impact on their confidence to make decisions about investment and hiring, according to the latest JobsOutlook survey by the Recruitment and Employment Confederation (REC).
The REC asked people with hiring responsibilities in 200 organisations what impact the formation of another coalition government would have on their plans for job creation. Just 1 in 25 (4 per cent) thought the scenario where no one party achieved an outright majority in Parliament would have a negative impact on their hiring plans, just under a third (32 per cent) were undecided.
The key findings from the regular monthly survey of 600 employers found that:
REC chief executive Kevin Green says:
“If you think back to 2010 there was a lot of uncertainty about the impact a coalition government might have on the stability of our nation and our economy. After five years’ experience of a coalition our survey shows that employers are relatively sanguine about the possibility of another multi-party government after May with the vast majority indicating a result that fails to deliver one clear winner won’t disrupt their plans for job creation.
“The biggest challenge, and a real constraint on continued growth in our economy, is the lack of candidates with the right skills to fill the vacancies employers have to offer. Employment is at a record high, and yet businesses say they will need more staff if demand for their products or services increases. It’s good news for jobseekers and people looking to move roles, but it’s a headache for bosses as candidates become harder and harder to find.
“Whichever party or parties form the next government must take a sensible, evidence-based approach to immigration policy which doesn’t hamper employers’ abilities to build their businesses and create jobs and wealth.”