Report on Jobs – October

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.

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:

• Permanent appointments and temp billings both rise at faster rates
• Stronger decline in staff availability
• Shortages push starting salary inflation to four-month high

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

• Permanent placements rise at fastest rate since February
• Overall staff availability falls further
• Starting salaries continue to rise sharply

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

• Steeper increases in both permanent placements and temp billings
• Starting salary inflation close to September’s recent high
• Steeper decline in candidate supply

James Stewart, Vice Chair at KMPG  says:

“Whilst Brexit may be dampening overall business investment, firms continue to hire new staff at near record rates. With the jobs 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’re 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.”

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