Talent Retention Scheme Saves Industry £250,000+

The Construction Talent Retention Scheme (TRS) has already saved industry more than £250,000 in recruitment costs just months after launch.

Since it was introduced in the summer the TRS has been helping UK construction employers to find new candidates, and allowing those who have lost their jobs to find new employment in the sector.

We are now starting to see positions being filled via the TRS, with resulting savings for employers by using the free system. This number will only grow as more and more employers sign up to use the system.

Midlands Employers

The East and West Midlands continues to see the highest demand from candidates to use the TRS. It  is estimated as many as 700 individuals registered with the system would be keen on new roles in the  Midlands. As such, we are keen to hear from employers in the region that are looking to recruit. 

Statistics

As of 30 October 2020 the Construction Talent Retention Scheme has:

• 730 registered employers in England, Scotland, Wales and Northern Ireland;

• 75 companies have live vacancies; 

• There are 822 live vacancies;

• 86% of live vacancies are in England, 6% in Scotland, 4% in Wales; 1% in Northern Ireland and 2%  are international. Of those in England, 32% are in London and the South East;

• 1,049 individuals have registered;

• 69% of registered companies are SMEs; 16% have over 1,000 employees;

• 45% of all live vacancies are posted by SMEs;

• There have been 2,578 hits on individuals’ profiles by employers; 2,951 vacancies have been viewed  by individuals;

• 50% of companies registered are contractors; 15% consultants; 5% manufacturers; 6% building  merchants; and 5% home builders;

• The largest number of vacancies are in Construction & Project Management and Design & Engineering;

• 28% of individuals are looking for roles in Construction & Project Management, 21% in Design &  Engineering, 14% in Trade & Manual and 8% in Commercial.