The Report on Recruitment captures original survey data, providing the most up-to-date monthly picture of recruitment, employment, staff availability, and employee earnings trends.
Here’s what you need to know:
July saw another decline in permanent staff appointments, but the drop softened compared to June. Temporary billings also dipped, but only slightly, as some firms opted not to replace outgoing workers.
Even with fewer hires, companies didn’t hold back on raising salaries for permanent staff in July. While the increase was more modest than June, it’s clear that businesses are willing to pay more to attract the right talent. Temporary staff pay also saw an uptick, although at the slowest rate in three-and-a-half years.
The UK labour market continued to see a decline in vacancies in July, marking nine months of contraction. However, the pace of this decline was slower than in June. The need for temporary workers ticked upwards for the second month in a row.
July brought another increase in the availability of candidates for both permanent and temporary roles. The growth rate was softer compared to June, hitting the lowest level in five months.
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