As we reach the end of Q3, the hospitality employment market continues to boom, but not without its challenges. Luke Butler shares his insights:
Talent shortages are worsening - Businesses are under increasing pressure as the candidate pool continues to tighten.
Middle management is tough - Remaining as the biggest recruitment pain point both back and front of house, there is no end in sight for this challenge.
Salary expectations are stabilising - Employers are regulating their offers, leading talent to adjust their expectations accordingly.
Shifts in consumer behaviour - Pubs and casual dining venues are benefiting as consumers meet in the middle. Meanwhile, late night trade is still facing challenges.
Positive industry sentiment - Overall confidence remains strong, and another interest rate cut could further boost outlooks.
Summary - We are still very much in the grips of a candidate driven market, as supply of jobs outstrips supply of talent.