Press Release The latest Recruitment & Employment Confederation (REC) and KPMG Report On Jobs indicates permanent and contract vacancies rising strongly while salaries rise at fastest rate in six months. Further marked increase in permanent placements and temp billings Salaries for permanent hires rise at sharpest rate in six months Candidate availability tightens further The Report on Jobs provides the most comprehensive guide to the UK labour market compiled from 400 leading recruitment consultancies and employers including Redline Group.
Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG said:- “Recruiters are struggling with industry-wide skills shortages, as demand for talent continues to outstrip the number of candidates seeking work. This pervasive skills shortage could put the brakes on the economic growth if it continues unabated.” “This tightening labour market is forcing up wage inflation as businesses bid for the best talent. Such a trend could cause a two-tier pay market, creating a significant divide between highly paid new starters and current employees receiving subdued pay increases. This dynamic will cause businesses problems in the long term as they struggle to keep hold of talented staff increasingly dissatisfied by their remuneration packages.” Highlights from the survey include:- The survey’s index of job vacancies rose to a five-month high in March, signalling strong demand for staff. The latest drop in permanent candidate supply was the sharpest in four months, while temp availability deteriorated at the fastest pace since last October. Private sector demand for staff remained stronger than public sector, permanent vacancies registered the sharpest increase overall Latest ONS data indicates vacancies rose 23.3% on an annual basis in the three months to February Engineering, Executive and IT/Computing were all in the top three of sought-after permanent candidates.
Commenting the latest results, Redline’s Managing Director, Martin Crapper “These are not unexpected results given what clients have been asking of Redline over the last 2 years. Despite the overall challenges in the report, and the niche nature of what Redline does, we increased the number of successful contract and permanent placements in 2014-15, and crucially, improved the acceptance ratio in both disciplines to well over 80% in permanent, and nearly 90% in Contract. Clients who need a result usually get it with Redline.” Martin continued “With a team of nearly 50 staff, 30 years in the sector and a management team with over 150 years’ combined experience – these types of challenges play to Redline’s strengths; experience, knowledge, longevity, contacts, and without question the strongest network of high technology Management, Technical and Sales professionals in the sector.”
For more in-depth information about the market, please contact Martin directly on 01582 878803 or email him MCrapper@redlinegroup.com. Redline Group is a specialist recruitment consultancy sourcing and selecting professional & qualified Management, Technical and Sales staff for the European technology market. They provide recruitment, retention and management advice and expertise to assist technology companies in identifying and developing the best talent for their organisations.