Employment Statistics in Hertfordshire: What you need to know.

If you take a look at the employment statistics for Hertfordshire from 2017 they are considerably higher than the national average. To date 78.7% of people in Hertfordshire are in employment, that is 4.3% over the national average. These stats also show that those in work in Hertfordshire are receiving 20% more pay than the national average, this could be due to the types of roles which people of Hertfordshire are doing and the commutable distance to London as well as the quality of jobs available in the area. With this in mind it may be time to consider looking at your company’s candidate attraction and engagement strategies. For example, you may want to consider if you are offering a competitive salary as this would enable you to ensure you are getting the pick of the top potential employees, whilst offering them more of an incentive to join your team.

The statistics show that people in Hertfordshire are more likely to be in professional occupations. Within the UK 10.7% of people are in managerial positions for example managers, directors and senior officials. In Hertfordshire this is at 11.9% which is an increase of an increase of 1.2%. With regards to professional occupations, 2.9% more people are employed in the Hertfordshire area in comparison to the national average. As Hertfordshire is so close to London, the cost of living is higher, therefore it is not surprising that people in lower paid employment are more likely to be living in counties which cost less to live in. With this in mind, if you do have a role that requires less skill/ experience, there may be less to people who will want to go forward than in other counties due to the cost of living. With less people unemployed in Hertfordshire it's a more competitive market and therefore you could face potential difficulties finding the right candidate for the role you are hiring for.

Due to the employment statistics being up this also means that unemployment is down to 3.7% in the Hertfordshire area, which is 0.9% less than the national average. These results show that less people in Hertfordshire are unemployed, therefore there is a lot more competition to find worthy talent for your vacancies. Due to less people in the talent pool, there may be things you can do as an employer to make sure you are measuring up to different businesses in the area. It may be time to consider having a look at employee engagement strategies and employee benefits and weighing them up against other local businesses, this may be a way to attract a better selection of people for you to consider.

Lawrence Dean Recruitment conduct a free annual salary and benefits survey, so if you are keen to find out about how your business compares to others please call us on 01438 310131.