REC report: ‘We need Britain to remain open for business’
Permanent and temporary placements were up in October and the amount of people placed in permanent roles increased for the third month running.
The Markit/REC Report on Jobs published today, found that temporary and contract staff placements also rose at a pace of growth accelerating to a five-month high.
October also marked an increase in employee vacancies, with demand for both permanent and temporary staff at the highest since May.
Permanent staff starting salaries also grew to its strongest level seen for five months in October. Growth in hourly pay rates for temporary/contract staff remained steady.
REC Chief Executive, Kevin Green, comments: “Despite ongoing uncertainty the UK jobs market is thriving again in most areas of the UK. Job vacancies are back to levels not seen since April, and for the third consecutive month recruiters have reported an increase in the amount of people finding permanent jobs.”
However, the availability of permanent candidates declined in October at a faster rate than in September, and the availability of temporary/contract staff fell, albeit at the slowest rate in four months.
London and Scotland also reported marginal declines in permanent placements at the start of the fourth quarter, whereas the North saw the quickest increase, followed by the Midlands.
The North also saw the strongest increase in short-term staff billings.
Recruitment consultancies saw sharp increases in vacancies for both permanent and temporary posts in the private sector.
In contrast, the number of available permanent and temporary roles in the public sector declined.
Certain industries, such as Engineering, followed by IT & Computing had the highest demand for permanent candidates. The need was weakest for permanent roles in Hotel & Catering.
Blue Collar took the top spot for temporary/contract staff demand.
Green adds: “This is a great place to be but there are real threats coming over the hill. Candidate availability has been falling for three and a half years. There are more vacancies than there are people to fill them in many sectors, including engineering, construction and healthcare.
“ to address employability skills within UK education and promote apprenticeships and other routes into work. We also need immigration policies that reflect immediate labour market needs. Imposing new restrictions on people coming from abroad to fill vacancies will impact businesses’ ability to meet demand as well as the delivery of public services.
“We need Britain to remain open for business. We can’t afford to see businesses relocate overseas, taking jobs with them and leaving us poorer as a nation.”