Permanent job posts filled at fastest rate for 17 months
Permanent job posts are being filled at their fastest rate for nearly 18 months and salaries have continued to rise, according to a comprehensive report by KPMG and the Recruitment Employment Confederation.
In their latest report on jobs, it was found that there has been a continued rise in candidate availability, and appointments of permanent staff have jumped by their fastest rate since June 2011.
Private sector workers enjoyed a further rise in demand for their services in October, while public sector demand for permanent staff continued to fall in October.
Demand surged for seven of the eight categories of staff that were monitored in this report, with the most sought-after being nursing and medical professionals, followed by those in engineering and construction.
The only sector to register a decline in demand was for hotels and catering.
KPMG head of business services Bernard Brown said: “Employment figures received a boost across the US and it seems that the UK is following America’s lead. The latest figures show increasing numbers of people are finding work across the UK in both temporary and permanent positions.
“That alone is good news, but in the context of jobs being filled at the fastest rate for nearly 18 months, we seem to be stepping in the right direction – something that was barely thought possible just a few short months ago. It may not be leaps and bounds yet, in terms of progress, but these are the largest strides for some time and should not go un-noticed.
“There were also concerns that the Olympic employment effect was a temporary blip on a gloomy horizon, but with London and other regions across the country now seeing a broad growth of permanent placements, indications are that employers are gaining in confidence and laying the foundation stones for economic growth. Of course, no one should be under any illusions that a strong jobs market indicates a strong recovery, but confidence is what drives a buoyant market and the hope must be that businesses are ready to recruit for the long-term.”
Recruitment and Employment Confederation chief executive Kevin Green said: “This is exciting news from the labour market. The positive performance we’ve seen from the UK jobs market over the past year is accelerating, with increases in the number of people placed into both temporary and permanent work last month.
“The sharpest rise in job vacancies in over a year shows employers are confident about their own businesses and, as they deal with increasing demand, are driving the momentum for more people finding work.
“We’ve now seen rises in the number of workers placed into temporary jobs for three months in a row. This is a sure sign British bosses understand the business case for using a flexible workforce to handle fluctuating demand and costs effectively. More people engaging in flexible work is a trend that’s going to increase in our post-recession economy.”
You need to read…