The Syntax run down on the latest Report on Jobs.........

18th Jul 2014

Rising starting salaries. Candidate availability plummets.

How do you attract the top talent to YOUR business?

According to the latest Report on Jobs (KRMG and REC) June saw a record rise in starting salaries, as permanent candidate availability plummets.

  • The trends of the last 3 months continue, as demand for staff saw another increase in June.
  • The Midlands region again showed the sharpest increase in the number of permanent placements.

The economy is expanding. Business is strengthening. You have signed off the budget for the new recruit.

How and where do you find these people?

Bernard Brown, KPMG, said “Despite offering starting salaries at a rate that has not been seen for 17 years, it is clear that candidates are not easily swayed”.

Many employers argue that by offering higher pay packets, they are showing market confidence, however continued salary growth is unrealistic and unsustainable over the long term. Employers needs to recognise that remuneration is about much more that take home pay.

A sharp increase in the number of permanent placements was again signalled in June. In the Report on Jobs, recruitment consultancies reported that permanent placements have now risen for 21 months in a row. The sharpest increase was again seen in the Midlands region.

Jeremy Gibson, Sales Director, said

 “If employers hire in-demand skills directly then they need to ensure they have the internal skills and capabilities to deliver an outstanding candidate experience for every applicant, whether they are successful or not. If employers are engaging with recruitment agencies, they need to ensure that those suppliers fully understand their business and what makes that employer a fantastic place to work.”

“It’s essential that your recruitment suppliers are as passionate and excited about your business as you are.”

“We’re extremely active in supporting Derby as being the UK’s number one high-tech city, and are supporting the cities projects to develop the next generation of science, technology, engineering and mathematics (STEM) talent.”  

 

For any advice or guidance on this, please contact Jeremy.gibson@syntaxconsultancy.com or 01332 293605.

*The Report on Jobs is a monthly publication produced by Markit and sponsored by the Recruitment and Employment Confederation and KPMG LLP