With all the talk in the news lately regarding unemployment being at its lowest for some time, coupled with the number of people in work increasing by 69,000 in three months to June (equates to 29.78 million in all; the highest level since records began in 1971), we certainly have something to shout!
The recruitment industry has some interesting facts of its own:
- Permanent staff appointments rise at fastest rate since March 2010
- Strongest increase in temp billings for 29 months
- Vacancy growth accelerates to six-year high
- Pay growth strengthens
Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG, said:
“With house price and service sector figures moving in an upward direction, indications are that the economy is getting stronger. Confidence is certainly evident amongst employers; with many conserving cash for a number of years, they are beginning to invest in their people and, as the search for talent is stepped up, the jobs market is looking buoyant again.
“High levels of demand for staff were signalled across every sector analysed and the same can be said across each region of the UK. In a sign of the surge in confidence, the latest figures also represent the sharpest increase in permanent placements for more than 3 years and the biggest growth in demand for six.
This does, of course, mean that a gap exists between the demand for staff and the quality of candidates available, so the onus is on candidates to improve their skills and prove their capability.
“If the current trend continues employers will, however, be faced with another conundrum. For some time staff have sat tight refusing to move when job security was low. Now the best staff will be looking for better offers so employers will need to strike a balance between recruiting new blood and retaining their best employees.”
Source: Markit, Oxon