Permanent placements rise at fastest pace in four months...
The latest Report on Jobs from KPMG/REC states that permanent placements rose at fastest pace in four months in February.
The Report also signalled that permanent staff starting salaries continued to increase in February. The rate of growth was unchanged from the marked pace seen in January. Temporary/contract staff hourly pay rates also rose further.
Bernard Brown, Partner and Head of Business Services at KPMG, said:
“The availability of skilled candidates remains a significant concern and businesses are already fiercely competing to secure top talent. This dynamic is driving significant salary growth in pockets of the market, such as the IT and engineering sectors, where the demand/supply mismatch is particularly prevalent.”
Growth of permanent placements at four-month high - the volume of permanent placements made by recruitment consultancies rose at an accelerated rate in February. The latest increase was the most marked since last October and well above the survey’s historical average. The fastest growth of placements was signalled by Midlands-based consultancies, while those in London reported the slowest rise.
Average starting salaries for people placed in permanent jobs continued to rise in February. The rate of increase was unchanged from January’s strong pace. Anecdotal evidence linked salary increases to competition between employers for skilled staff. Higher salaries were broad-based by region, with Midlands-based consultancies noting the fastest rise. Hourly rates of pay for staff in temporary/contract employment rose further in February.
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