Firms 'under pressure' to boost pay, says RBS report

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Firms 'under pressure' to boost pay, says RBS report
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Firms may have to boost pay offers to keep staff as they struggle to fill roles, according to report

About 100 Scottish recruitment and employment consultancies took part in the survey.

"With the labour market running hot, supply and demand imbalances may limit firms' abilities to fill roles in the months ahead, while also pushing firms to up their pay offers in order to secure or even retain staff."Meanwhile, a separate report by the Federation of Small Businesses found rising overheads have led to a slump in Scottish business confidence.

FSB's Scottish Small Business Confidence Index fell to 1.2 points in the third quarter of 2021, from 20.5 points in the previous quarter. "However, punishing rises in business overheads are also taking their toll on the trading outlook. And with a rise in payroll taxes on the way, there's no end in sight."

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