The Report on Jobs captures original survey data which provides 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.

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The Report on Jobs is a monthly publication produced by IHS Markit and sponsored by KPMG and REC.

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

  • Slower growth of permanent placements and temp billings
  • Faster decline in labour supply
  • Pay pressures remain historically elevated

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

  • Strong rise in permanent placements, but only modest expansion in temp billings
  • Candidate availability continues to fall markedly…
  • …leading to sharper increases in pay

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

  • Softer increases in permanent placements and temp billings
  • Vacancy growth edges down to 25-month low
  • Temp pay rises at fastest rate since July 2007

James Stewart, Vice Chair at KMPG  says:

“Despite the uncertainty around Brexit, companies are still recruiting. It’s very much a candidates market at the moment and demand for workers is driving a sharp increase in starting salaries. It’s been getting harder and harder for firms to find good staff and with UK immigration policy likely to tighten, this trend isn’t going to get any easier. “Concerns about a no deal Brexit are putting a handbrake on the supply of candidates as the value of job security and stability shoot up people’s personal agendas. However, candidates who are prepared to take a chance and job hop can often bag a pay rise as a result. This is especially apparent in sectors like IT, engineering, hospitality and finance where quality candidates now come at a sizable premium.”

Neil Carberry, Chief Executive at Recruitment & Employment Confederation says:

“Today’s report backs up what recruiters across the country are saying to us. Fewer people are willing to change employer and look for jobs in this uncertain climate, despite rising pay and jobs being available. Sectors like hospitality and warehousing are facing particular challenges in the run-up to Christmas.”

 

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

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