Get Britain Working – Invest in Adzuna

Posted on May 19, 2015 by

We have some exciting news to share at Adzuna towers today. We’re inviting members of the public and angel investors to join our mission to get Britain working, by investing in our business. Today we go live with our campaign to raise £1.5M via crowdfunding platform Crowdcube, with a minimum investment of just £13.

You can learn more and invest right now here

This video shows where we’ve been and where we’re going:

Adzuna is now the fastest growing job search engine in Europe. The site attracts over 6 million visits a month, offers job search in 10 countries and we’ve helped hundreds of thousands of people find work across the globe. Not only are we the ‘bees knees’ when it comes to job hunting, we also supply valuable data to the government to ‘help David Cameron run the country‘ and, earlier this year, we were selected for the Government’s Future Fifty programme for high growth businesses.

So it’s been a phenomenal few years, but we feel like we’ve only just begun. We are proud of the world-class team and platform we have built, but we still have a long way to go in job search innovation, mobile apps and international expansion. Our existing tools, like Jobsworth, which predicts the salary for every job ad, and ValueMyCV, which allows Adzuna users to find out what they’re worth, are just the beginning. We want to make job search better for everyone, and we need your help!

Our aim is to be the biggest and best job search engine in the world. We’ve already attracted some first class institutional investors who have backed companies like Facebook, Etsy & Skype, and now we want to offer our users, friends and the wider public a chance to be part of our journey. Our fundraising campaign is now live on Crowdcube.com.  

Check out our full pitch page here

Thanks for your support. We couldn’t do it without you!

This blog post is approved as a financial promotion by Crowdcube Ventures Limited.

Investments of this nature carry risks as well as potential rewards. Please #investaware as your capital is at risk. Approved as a financial promotion by Crowdcube Ventures Ltd, which is authorised and regulated by the Financial Conduct Authority (No. 572026)

 

 

UK unemployment stagnant in opening four months of 2015

Posted on May 6, 2015 by

Unemployment in the UK will remain practically stagnant into April, according to the first Unemployment Predictor from Adzuna.co.uk.Jobcentre-Plus-001

The Adzuna Unemployment Predictor calculates that the proportion of unemployed people in the UK will stand at just 5.58% in April. This is only a small reduction unemployment figures from March (-0.01%) [RB1] and January (-0.02%), the most recent unemployment figure from the ONS, suggesting the unemployed workforce aren’t able to access many of the available jobs currently being advertised.

But looking ahead, the Unemployment Predictor also suggests that unemployment will fall to just 5.04% as a proportion of the total UK workforce by July, with the speed at which unemployment is falling on a monthly basis nearly doubling from the start of the year.

Table 1:

Latest ONS forecast

(January)

Adzuna current forecast

(April)

Adzuna 3-month forecast

(July)

Unemployment  Rate

5.6%

5.58%

5.04%[RB2] 

Month-on-month Change

-0.1

-0.01

-0.18

Year-on-year Change

-1.5

-0.92

-0.96

 Andrew Hunter, co-founder of Adzuna, comments: “Despite making great strides forward last year, unemployment has been relatively immobile in the first four months of 2015. The election is fast approaching, and employer actions are undoubtedly impacted by political uncertainty.  For one, the question of an EU referendum is hanging in the air – a decision which would have an enormous impact on the makeup of the UK workforce.

“The number of job vacancies on offer is increasing, but unemployment hasn’t followed suit, which could indicate a lack of appropriate training in the domestic workforce. A hiring spree may not translate into reduced unemployment, especially when we’ve just emerged from a long and painful recession. Now the economy is moving again, many employees trapped in career gridlock are starting to feel confident enough to make career changes – increasing the number of vacancies without necessarily reducing the proportion of long-term unemployed.

“A potential increase to the minimum wage also affects the hiring patterns of employers. In short, there are good reasons why employers have been playing their cards close to their chests while they wait for the dust to settle.”

Unemployment falls in real terms

In real terms, the Unemployment Predictor calculates that over 182,000 people will have been lifted out of unemployment across the first half of 2015.Pic 1

 Andrew Hunter explains: “It isn’t just proportions that are shrinking – these figures represent a genuine, real-terms reduction of the number of people in the UK unable to find work. On the cusp of one of the most divisive elections in recent memory, we can only hope the winning party can  translate these figures into a tangible reality.”

 Hiring Snapshot: top five UK recruiters

 The institutions with the most job listings on Adzuna.com in April[1] included the NHS2 with just over 12,000 job listings on the search engine– over five times as many as Tesco (2,241 listings) and over seven times as many as McDonalds (1,570).

Andrew Hunter concludes: “The NHS is far more of a national institution than many people realise. It’s a dominant UK employer. But such a significant hiring spree could signal a gap in the skills of UK employees, with a shortage of qualified doctors and nurses. It’s never just about the employers: if people in the UK don’t have the right skills, they simply can’t take up these positions. To really reduce unemployment, the new government will need to focus on upskilling our workforce.” 

 

Adzuna Competition Winner Announced

Posted on April 22, 2015 by

Earlier this month, Adzuna launched its first Professional Trust Survey, to learn more about which professionals the British public trust most…and least. After received hundreds upon hundreds of responses from across the United Kingdom, our survey is now closed. To thank you for sharing your thoughts with us, all participants were entered in our prize draw  for a chance to win a £50 Amazon voucher.81igHdpHA9L._SL1500_

The winner was announced on 21st April 2015, and Judy Carter from Lancashire snapped up our prize, congratulations Judy, and happy shopping!

Our thanks also go to every single one of our survey respondents for taking part in the Adzuna Professional Trust Survey 2015 – we loved hearing your views on Britain’s professionals.

If you have any comments or suggestions regarding the Adzuna Professional Trust Survey 2015, please email: nasrun@adzuna.com.