According to the ONS, the number of people on UK company payrolls dropped by nearly 0.6%

According to the ONS, the number of people on UK company payrolls dropped by nearly 0.6%, with unemployment hitting 4.7%, the highest in four years. While this opens up the talent pool, there’s a twist: median annual wages have risen by over 5% year-on-year.

So what does this mean for hiring teams in the legal and financial sectors?

📈 More candidates available doesn’t mean cheaper hires; salary expectations have gone up.

💼 Job seekers are becoming more selective, especially around flexibility and career progression.

🏡 Hybrid working remains a key differentiator for firms that can’t stretch to top-tier salaries.

If you’re looking to grow your team in the second half of 2025, now’s the time to review your offer; compensation, benefits, and culture all matter more than ever.

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Read more: https://heyor.ca/6GVIfD

#LegalRecruitment #FinancialServicesHiring #LabourMarketTrends #EmployerStrategy