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:
September saw another dip in permanent staff placements across the UK, extending the two-year trend of cautious hiring. While the decline was softer than August’s drop, businesses remained hesitant ahead of October’s Budget. Temp placements also fell, marking the steepest decline since April. In the North, while hiring slowed too, there’s a sense that momentum could return as we move through the rest of the year.
Salary growth for permanent roles slowed again in September, with the rate of increase easing for the third month in a row. This is the slowest growth since February 2021, as a larger candidate pool and reduced demand kept a lid on pay rises. However, the North saw a slight rise in temp pay, standing out from the national picture, where wages for temporary staff remained flat or dipped.
Vacancies fell again in September, the eleventh consecutive month of decline. While the downturn continued for both permanent and temporary roles, many businesses are still struggling to find candidates with the right skill sets. In the North, this challenge remains, even with the increasing number of available candidates.
There was another steep rise in both permanent and temporary staff looking for roles. But businesses are still playing the waiting game, hoping for more clarity (and confidence) from the upcoming Budget. The North, with its underlying momentum, is well-placed to bounce back as we head towards the end of the year.
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