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Highlights
- The UK workforce has undergone a structural change after the Covid-19 pandemic, according to the latest survey conducted by the thinktank The Resolution Foundation.
- The UK economy continues to recover from the pandemic, with young adults and women forming the backbone of the workforce.
The UK workforce has undergone a structural change after the Covid-19 pandemic, according to the latest survey conducted by the thinktank ‘The Resolution Foundation’. The economic recovery after the pandemic witnessed less participation from the older workers, while presence of young adults and females in the workforce increased.
The number of individuals who exited the workforce and no longer are looking for a job has increased in the UK, resulting in a trend of early retirement, especially amongst older workers aged 55 to 64. Economic inactivity, which measures the people who have opted out of the workforce, has increased by 586,000 since the pandemic.
Women participation in the workforce rose considerably as per the survey. In terms of number, women participation rose from 44% in 1992 to 48% of the total working population mainly due to the rise in a remote working scenario during the pandemic. The survey also suggested that continuing the hybrid working model would help maintain a higher level of women participation.
According to market experts, the UK economy continues to recover from the pandemic, with young adults and women forming the backbone of the UK economy. However, reforms by the government might bring back more people as part of the workforce, benefiting the economic recovery.
© 2021 Kalkine Media
Let us look at FTSE listed recruitment stocks that might help bring the change and their investment prospects:
SThree Plc (LON:STEM)
The company provides contractual and permanent staffing services to a diverse set of clients. It is one of the leading international staffing service providers with over 9000 businesses as its clients. It reported a 29% rise in net fees collection at £91 million during the third quarter ended 31 August 2021. All geographical regions reported growth, with Germany contributing 33% to the group’s net fees, while the US market contributed 26% to revenue.
SThree Plc’s last close was at GBX 567 on 22 November 2021, with a market cap of £757.6 million. In the last one year, the stock has given 84.6% return to its shareholders.
Prime People Plc (LON: PRP)
FTSE AIM listed company provides recruitment services to the real estate and built environment sector. The company reported a 47.2% rise in net fee income at £7.36 million for the six months ended 30 September 2021. The total group revenue was at £10.58 million, with the UK market contributing £3.36 million. The operating profit of the company was at £1.06 million.
Prime People Plc’s last close was at GBX 73 on 22 November 2021, with a market cap of £8.87 million. In the last one year, the stock has given a 40.7% return to its shareholders.
Hays Plc (LON: HAS)
The company provides recruitment services to the public and private sectors and has operations in various countries. It reported a 36% growth in net fees collection, with the UK region contributing 44% to overall fees collection during the quarter ended 30 September 2021. The higher fee collection indicates a revival in the job market in the UK and other countries.
Hays Plc’ last close was at GBX 156.20 on 22 November 2021, with a market cap of £2,621.6 million. In the last one year, the stock has given a 15.7% return to its shareholders.
