KEY POINTS FROM SURVEY
Permanent placements and temp billings both rise at marked rates
Demand for staff increases at fastest rate since April 2015
Candidate availability declines at quicker pace, pushing pay rates higher.
For The North
Both permanent staff appointments and temp billings expand sharply
Candidate availability declines further
Starting salaries and temp pay continues to rise at above-trend rates
STAFF APPOINTMENTS INCREASE AT FASTEST RATE FOR OVER TWO YEARS AS CANDIDATE AVAILABILITY DROPS.
As always, we work closely with the Recruitment Employment Confederation and IHS Markit to continually explore what is happening month by month within the employment market. Following, are the most recent findings.
Commenting on the latest survey results, Kevin Green, REC Chief Executive, says:
“As this month’s report clearly shows, employers are increasingly turning to recruitment agencies as it becomes harder to find people to fill the jobs available. There are two trends at play. Businesses are seeking more professional and managerial capacity, so we’re seeing high demand for roles like financial directors, analysts and compliance and HR professional. Meanwhile, there is a significant shortage of people to fill blue collar roles such as drivers, electricians and construction workers, and this is being exacerbated by a fall in net migration from the EU.
In many areas of the job market candidate supply cannot meet demand. Employers are having to offer more money to secure the people with the skills they need. While the working population in general has experienced a pay squeeze, there are clearly opportunities now to earn more by moving jobs.
This is good news for individuals, but businesses will be concerned about the sustainability of this trend. Businesses can only grow if they have access to the people and skills they need. It is essential that the government recognises this by developing an evidence-based immigration system that will support the economy.”
DEMAND FOR STAFF BY SECTOR
Recruitment consultancies in the UK continued to signal marked growth in permanent placements during August. Although the rate of expansion softened slightly since the previous month, it was nonetheless the second steepest since April 2015 (after July 2017). A number of panellists suggested that strong demand for staff had led to the latest in permanent staff appointments
Growth of permanent placements was strongest in the Midlands and the North of England. Meanwhile, London continued to record only a marginal rate of expansion that was the slowest of all monitored regions
Demand for permanent workers rose across all monitored job categories during August. The steepest increase in vacancies was seen in IT & Computing, followed by Accountancy/Financial. Construction saw the weakest upturn in permanent staff demand.
August survey data pointed to a further increase in billings received from the employment of temporary/contract workers. Notably, the rate of growth was unchanged from July’s 29-month record, with around 42% of panellists reporting higher temp billings.
Data split by region showed that the Midlands saw the fastest rate of growth, closely followed by the South of England. Nonetheless, all of the remaining regions monitored by the survey also noted steep rates of expansion.
Occupying top position in the temporary/Contract staff demand rankings during August was Blue Collar. Engineering and Nursing/Medical/Care completed the top three. Nonetheless, all other job categories also registered sharp rates of growth.
Hotel & Catering
SKILLS IN SHORT SUPPLY
Key Permanent Staff Skills
Accountancy/Financial: Audit, Accounts, Cost Management, Finance, Payroll, Risk, Treasury.
Accountancy/Financial: Audit, Accounts, Credit Controllers, Estimators, Finance Directors, Para-planners, Payroll, Procurement, Risk, Treasury.
Blue Collar: None recorded. Construction: Construction professionals, Quantity Surveyors.
Engineering: Development Engineers, Engineering Machinists, Project Engineers.
Executive/ Professional: Analytics, Compliance, HR, Legal, Marketing.
IT/Computing: CAD Designers, Developers, E-commerce, IT, Java, PHP Developers, UI/UX, Security Cleared staff.
Nursing/Medical/Care: Healthcare Assistants, Nursery Nurses, Nurses.
Secretarial/Clerical: Administration, Assistants, Secretarial.
Other: Buyers, Call Centre, Customer Services, Estate Agents, Sales, Security
Key Temp Skills
Accountancy/Financial: Audit, Accounts, Accountants, Payroll, Risk, Treasury.
Blue Collar: Decorators, Drivers, Electricians, Fork Lift Drivers, HGV Drivers, LGV Drivers, Production, Site Managers, Unskilled Workers, Warehouse workers, Welders.
Construction: Construction workers.
Engineering: Automotive Technicians, Design Engineer, Engineers, Maintenance Engineers.
Executive/Professional: Analytics, Compliance, IT, Infrastructure Architects, Legal, Marketing, Managers.
IT/Computing: Developers, E-commerce, IT, Java, UI/UX, Security Cleared Staff.
Nursing/Medical/Care: Care Workers, Healthcare, Nursery Nurses, Nurses.
Secretarial/Clerical: Administration, Assistants, Office Staff, Secretarial.
Other: Buyers, Customer Services, Languages, Sales, Security.
Even though all of us here at Kingston Recruitment are working from home, we are still very much working together and as a team!
We hope everyone is taking care