Good news for the recruitment market in the latest Report on Jobs
According to the latest Report on Jobs (produced by Markit and sponsored by the Recruitment and Employment Confederation compiled from Recruitment Consultancy data) August saw the fastest rise in short term appointments since 1998.
Syntax Managing Director Roger Frost commented: “We are seeing that employers now feel they can commit to hiring decisions due to an increase in overall confidence in the market. This is great news for the economy as a whole and we are starting to see this confidence filtering through to the permanent recruitment market which is growing, but at a slower rate. “
From the August Report on Jobs:
- The sharpest rise in permanent placements was in the North of England, the slowest was in London
- The Engineering sector saw the strongest increase in demand for both permanent and temporary staff. Recruitment Sale Director Jeremy Gibson said: ”The increase in demand in the Engineering sector is great news – our Engineering Recruitment team are the busiest they have ever been”
- Temporary staff billings increased for the fourth month running
- Vacancies rose at their fastest pace since June 2007
- Public Sector demand for temporary staff increased
The Report on Jobs also details the skills that are in short supply. For IT these are Business Analysis, C++ and C# Developers, HTML5, Java, and PHP.
For Engineering these are Mechanical Design, Process Engineers, and Rail.
Average permanent salaries awarded to new hires rose again in August, while contract rates increased for the seventh consecutive month. This was attributed to the shortage of quality candidates – companies need to offer more to attract the best people over their competitors.
Overall the Report on Jobs was very positive about the recruitment market. We will be offering a summary on next month’s Report on Jobs.