Economy | UK recruiters expect a recession in 2020

More than half (52%) of UK recruiters anticipate a recession in the next 12 months, a new study has found.

According to Bullhorn’s 2020 Global Recruitment Insights and Data, which surveyed more than 2,000 global recruitment professionals, recruiters believe that skills shortages may contribute to the expected recession.

Almost half (46%) of recruiters said that the current talent shortage is worse than it was five years ago.

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Additionally, nearly three quarters (74%) of UK recruiters believe that talent shortages will be their top hiring challenge in 2020. To overcome these challenges, recruiters offered two core solutions which included getting employers to up candidate pay rates (42%) and reskilling workers to meet client demands (26%).