KEY POINTS FROM SURVEY
Steeper increases in both permanent placements and temp billings
Starting salary inflation close to September’s recent high
Steeper decline in candidate supply
STAFF APPOINTMENTS RISE AT FASTER RATE IN OCTOBER
James Stewart, Vice Chair at KMPG, said:
“Whilst Brexit may be dampening overall business investment, firms continue to hire new staff at near record rates. With the job market so heated, businesses across the country, of all types, are struggling to find work ready staff. Particular pinch points include IT, engineering, nursing and care staff. Some clients tell us they are seeing the worst period of staff availability for 20 years. A four-decade low in unemployment and a dwindling supply of EU workers means good candidates are at a premium. Consequently, we are seeing wages pushed upwards and a trend of canny workers job hopping to secure a pay rise rather than remaining loyal to their existing employers”.
DEMAND FOR STAFF BY SECTOR
As has been the case since August 2016, UK recruitment consultancies signalled an increase in permanent placements during October. Notably, the rate of growth quickened to the second-sharpest since March. Panellists frequently cited strong demand for staff among clients as well as relatively buoyant market conditions as having driven the latest upturn in permanent staff appointments. At the same time, candidate shortages were mentioned as having dampened the overall rate of growth.
All four English regions monitored by the survey registered steep increases in permanent placements, led by the South of England.
Vacancies for permanent staff rose across all ten monitored job categories in October. IT & Computing and Engineering registered the steepest increases in demand, whilst the slowest (but still marked) rise was seen for Construction staff.
Billings received from the employment of temporary/contract workers rose further at the start of the fourth quarter. Moreover, the rate of expansion was the fastest seen since May and elevated by historical standards. A number of recruitment consultancies attributed the rise to robust demand for short-term workers and, in some cases, the inability to secure permanent staff.
The Midlands saw the quickest increase in temp billings in the latest survey period, though sharp rates of growth were also registered elsewhere.
Nursing/Medical/Care topped the rankings in terms of demand for temporary workers at the start of the fourth quarter. That said, all other categories also noted higher vacancies for short-term staff.
Hotel & Catering
SKILLS IN SHORT SUPPLY
Key Permanent Staff Skills
Accountancy/Financial: Accountants, Audit, Compliance, Credit Controllers, Finance, Finance Analyst, FinTech, Para-planners, Pensions Admin, Procurement, Risk, Sox, Tax, Treasury.
Blue Collar: Drivers, Forklift Drivers, HGV Drivers, LGV Drivers, Production Supervisors, Skilled Workers, Unskilled Workers, Vehicle Technicians.
Construction: Building Service Engineers, Construction.
Engineering: Automotive, CNC, Commissioning Engineers, Design Engineers, Electrical Engineers, Engineers, Manufacturing, Maintenance Engineers, Mechanical Engineers, System Engineers, Technicians.
Executive/ Professional: Business Analysis, Economics, HR, Legal, Legal Secretaries, Litigation, Marketing, Media, Paralegals, Portal Fee, Project Managers, Regulatory Professionals, Scientists, Solicitors.
Hotel/Catering: Baristas, Catering, Chefs, Hospitality.
IT/Computing: B2B Tech, Cloud Technologies, Consumer Tech, Cyber Security, Data Analysts, DevOps, Digital, Gaming, Infrastructure Tech, IT, QA, Web Developers.
Nursing/Medical/Care: Care Workers, Dispensing Opticians, Healthcare Assistants, Hearing Aid Dispensers, Home Carers, Optometrists, Support Workers.
Secretarial/Clerical: Account Clerk, Administration, Clerical, Receptionist’s, Support Staff.
Other: Buyers, Chemists, Customer Services, Export Sales, Graduates, Sales, Security, Shipping.
Key Temp Skills
Accountancy/Financial: Accountants, Audit, Banking, Compliance, Credit Controllers, Finance, Payroll, Pensions Admin, Procurement, Risk, Treasury.
Blue Collar: Blue Collar, Drivers, Duct Fitters, Forklift Drivers, HGV Drivers, Labourers, LGV Drivers, Labourers, Pickers, Production, Skilled Workers, Unskilled Workers, Warehouse Workers, Welders.
Construction: Construction, Construction Workers.
Engineering: Automotive, CNC, Commissioning Engineers, Electronic Engineers, Engineers, Manufacturing, Maintenance Engineers, System Engineers, Technicians.
Executive/ Professional: Business Analysis, Compliance, Legal, Legal Secretaries, Litigation, Marketing, Portal Fee, Project Managers, Scientists.
Hotels/ Catering: Baristas, Catering, Chefs, Hospitality.
IT/Computing: AWS, CAD, Data Analysts, DevOps, Digital, Gaming, IT, Java, Media, PHP, Software Developers, Technology.
Nursing/Medical/Care: Care Workers, HADs, Healthcare Assistants, Home Care Workers, Optometrists, Social Workers, Support Workers.
Secretarial/Clerical: Administration, Clerical, Office Staff, Receptionist’s, Secretaries.
Other: Agricultural, Buyers, Customer Service, Graduates, Health & Safety Managers, Sales, Supervisors, Telesales.
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