So after a short pause for the summer break, herewith a monthly note to you with my perspective on the market conditions: the most oft asked question when I meet with colleagues. ‘Hang on tight’ is my message as we are in for a bumpy ride in the next 12 months whilst we gradually come to terms with our new European order, and a depreciated £.
The summer is traditionally a quiet period with a greater focus on the beach than work. But after the stagnation of the run up to the Referendum, and the immediate aftermath which brought more questions rather than clarity, I have now seen a significant upsurge in activity despite the summer holidays.
I have tried to understand the rationale behind this and turned to the Office for National Statistics to understand the more macro economic position. While the GDP figures show the slight pick up that I saw in Alium at the start of the year, we are bouncing along just off the bottom with relatively high employment. Our market tends to be driven by crisis or need (growth would be great) to adapt to changing markets in either direction. Relatively, there is little impetus.
But let's see…
The positive pick up in August, I believe, is down to the need to crack on and make the most of our current instability after a period of much uncertainty and little confidence while our political leaders made a hash of our future. We are faring stronger than most and if the Olympics are anything to go by, we can and will succeed.
Finally, a word about resourcing. As we head into the autumn months I still expect to see the traditional seasonal uplift as decision-makers return from their summer holidays. The road may be bumpy for the foreseeable future but this is no time to delay making strategic appointments. Speed is of the essence for those organisations who want the benefit of highly experienced and specialist talent, and candidates also need to be ready to move fast when opportunities present themselves.
So keep innovating, networking and doing good work, and if we can help in any way please give us a call.