Article
A More Positive Start to 2026 Than Many Expected
The latest KPMG & REC Jobs Report for our region offers a message that feels quietly encouraging as we move into 2026.
Yes, permanent placements are still declining. But the key point is this: the slowdown in hiring is the weakest seen in nine months.
That’s not a boom but it is a shift in direction. And in recruitment, direction matters.
For much of 2025, many businesses adopted a “wait and see” approach. Budgets were tight, confidence was fragile, and hiring decisions were delayed. But the latest data suggests that period of hesitation is starting to ease.
At Chase & Holland we started to see this change in Q4 of 2025, so it is great to see it continuing into 2026.
Here are a few reasons to feel optimistic:
1. Hiring pressures are easing
Permanent placements are still below growth levels, but the decline is slowing. That indicates improving confidence and a market beginning to stabilise.
2. Salaries are rising again
Starting salaries in our region increased at the fastest pace in over a year, highlighting ongoing competition for skilled talent.
Good people are still in demand and businesses are willing to pay for them.
3. Candidate supply is stabilising
The increase in available candidates has softened, suggesting the market may be moving toward a better balance between supply and demand.
4. The “wait and see” mindset is fading
Industry commentary suggests that uncertainty is beginning to give way to action. Not a hiring boom but more decisions are being made.
So, what does this mean in the real world?
For employers:
This could be the moment to secure key hires before confidence fully returns and competition intensifies.
For candidates:
Opportunities are still selective, but skilled professionals remain in demand and salary growth reflects that.
For the market as a whole:
We may not be seeing a surge yet, but the foundations for a steadier, more confident year are starting to appear.
At Chase & Holland, we’re already seeing this shift in conversations with clients. The tone is moving from “let’s hold off” to “let’s plan properly”.
And in recruitment, that change in mindset is often the first sign of a stronger year ahead.
If you’d like a market view for your sector or location, feel free to get in touch whether as a client or candidate.
