The latest Recruitment & Employment Confederation (REC) and KPMG Report On Jobs indicates permanent and contract vacancies still rising, albeit the rate of rise is slowing.
Luton, Bedfordshire, UK. October 2015
- Growth of permanent placements and temp billings moderates
- Permanent salaries and temp rates increase, pace slowing
- Candidate availability remains marked, but eases
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:-
“The pool of available skilled labour shrank yet further in September, dampening growth of both permanent and temporary placements. This relentless tightening of the labour market continues to push up pay in the private sector, and weekly earnings jumped by 3.4% year on year. While welcomed by workers, this uplift in pay could put downward pressure on firms’ profitability, unless labour productivity improves enough to compensate businesses for the higher wages now on offer.”
Highlights from the survey include:
- Growth of Permanent and Contract/Temp placement continues to rise, albeit the pace is slower
- Rise in vacancies still strong, ONS indicates 8.5% annual rise, but rate eased again
- Nursing and medical most in-demand category, somewhat at odds with Government’s recent rhetoric on reducing agency staff in this sector
- Staff availability index continues at a record low, albeit stabilising
Commenting on the latest results, Redline’s Managing Director,
Martin Crapper said “These post-summer results cover the whole employment sector and are slightly at odds with our experience in the specialist, highly-skilled electronics and technology markets. Q2 (July, August and September) saw a
56% increase in interviews requested by Companies compared to the same period in 2014. This indicates Companies with real jobs investing management time in meeting potential engineering, technical sales/marketing, Operations and management candidates; something they would not be doing were they not urgently seeking staffing resources to meet their objectives. This being the summer period, the increase in activity is even more indicative of the acute demand for highly-skilled technology staff.”
Crapper Continued “These additional interviews have translated into a
46% increase in offers during the period, and most importantly for our hiring clients, Redline has
increased the acceptance ratio on both Permanent and Contract hires to
85% and 82% respectively. Candidates may be in short supply, and have many options right now, but presented with the right opportunity, in the right manner, they ARE moving and taking new roles.”
Crapper concluded “One of Redline’s most important challenges is ensuring that Clients actually get Candidates to start and stay with them. The changes we’ve made over the last two years are really delivering success to those clients – these market dynamics play to Redline’s strengths; experience, knowledge, longevity, trust, 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
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.
For further information please contact:
Martin Crapper, Redline Group Ltd
26-34 Liverpool Road, Luton, Beds, LU1 1RS, England
Tel: +44 (0)1582 450054, Fax +44 (0)1582 458685
E:
mcrapper@redlinegroup.com
W:
www.redlinegroup.com