Vacancysoft & APSCo Midlands Regional Labour Market Trends | February 2025

Amid rising economic uncertainty, new financial pressures are emerging, leading to a slowdown for businesses across the region. 

The anticipated impact of the upcoming budget is prompting many companies to delay hiring plans, with a growing number considering salary sacrifice schemes. A recent BDO survey of over 500 regional business leaders 
found that nearly three-quarters intend to implement cost-cutting measures, including potential cuts to salary increases and bonuses.