How minimum wage increases affect the recruitment business
From April 2024, the National Minimum Wage and National Living Wage in the UK will undergo its biggest cash increase in history. Amid the ongoing cost of living crisis and rising expense for businesses and households alike, this increase is set to significantly impact the UK economy—and every business.
For recruitment specifically, it’s very possible that this increase will affect the number of employment opportunities in the UK as businesses are required to spend more on existing, already-filled positions. But our recent poll on LinkedIn shows that the concerns of recruitment businesses are more diverse and complex.