Further increases in starting salaries, and a record decline in candidate availability...
According to the latest Report on Jobs (KRMG and REC) July saw a further rise in starting salaries, and a record decline in the availability of permanent candidates. Average starting salaries continue to be driven higher by competition between employers for skilled candidates.
The Midlands region reported strong expansion of temp billings, outshining other UK regions. The Midlands region also reported the strongest rise in temporary pay rates.
Bernard Brown (KPMG) stated:
“Just a few months ago employers couldn’t tempt staff to switch roles, but indications are that employees’ caution over change is being replaced with hunger for something new. It’s particularly prevalent in the Midlands; all the indications are that if you want a new job and want an improved salary offer, the central part of the UK is the place to be”
Jeremy Gibson, Sales Director at Syntax Consultancy said,
“Within the Technology and Engineering markets, the number one challenge for our clients is the ever decreasing availability of high quality permanent and contract staff. The Midlands strength in Hi-Tech and Advanced Engineering expertise means our region is feeling it more than any other across the UK.”
“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 them 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 working closely with a number of education projects in the region supporting their efforts to help close the STEM talent gap.”
Technology and Engineering skills currently in short supply are:
- Business Intelligence
- Project Management
- Engineering Technicians
*The Report on Jobs is a monthly publication produced by Markit and sponsored by the Recruitment and Employment Confederation and KPMG LLP