The KPMG and REC UK jobs report 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:
Permanent staff appointments declined sharply in November, marking the steepest drop since August. Many businesses reassessed their hiring strategies following the Autumn Budget, contributing to widespread hiring freezes and reduced vacancies. Temporary billings also fell, extending their decline for the fifth consecutive month.
Permanent salaries increased only modestly in November, with growth near October’s 44-month low. Temp pay also rose at a slower pace, constrained by higher staff availability and reduced demand for workers.
Staff vacancies declined for the 13th month in a row, with the sharpest drop recorded since August 2020. Demand for permanent workers fell particularly hard, though we’ve seen how businesses are exploring targeted senior-level hires in response to market challenges.
The North saw its steepest drop in permanent placements since August and the sharpest decline in temporary billings in nearly four-and-a-half years. Despite these headwinds, FJR Group has observed increased hiring among PE-backed businesses in the region, particularly for senior finance, commercial, and operational roles.
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