Report on jobs – August

The Report on Jobs captures original survey data which provide the most up-to-date monthly picture of recruitment, employment, staff availability and employee earnings trends available. There are three reports, one covering the UK as a whole, one focused specifically on the North of England and one on the South.

The Report on Jobs is a monthly publication produced by IHS Markit and sponsored by the Recruitment and Employment Confederation.

Here are the key points from the North Report on Jobs:

• Vacancy growth and recruitment drives support upturn in staff appointments
• Starting pay for permanent labour rises at weakest pace in six months
• Rate of contraction in permanent staff supply little-changed from July

Here are the key points from the South Report on Jobs:

• Permanent placements growth slows, while temp billings rise only slightly
• Sustained fall in candidate availability underpins sharper increases in pay
• Permanent and temporary staff demand strengthens

Here are the key points from the UK Report on Jobs:

• Stronger expansion in permanent placements, but temp billings growth softens
• Starting salaries increase at second-fastest rate in over three years
• Staff vacancies continue to rise at historically marked pace

Neil Carberry, Chief Executive at the REC says:

“Businesses are getting on with it driving Britain’s growth – jobs are being created and starting salaries are rising. There are big opportunities out there for candidates right now looking for a new role.
But how long our labour market can defy gravity if the shape of our future trading arrangements with the EU remain unclear is the big question. Companies are starting to implement contingency plans now – and those who aren’t will need to step up progress.
The biggest long-term question on jobs is how they will be affected by new technology and stiff price competition driven by value-conscious consumers. For recruiters, helping people find pathways from sectors like retail into growing sectors will both boost opportunity and address candidate shortages in key sectors”

For your free copies of the full reports, please get in touch or call 0333 023 0077.