Placements Rise Further, But Rate of Growth Slows Again Amid Candidate Shortages
A new report published today by the REC has revealed that although the number of placements has been continuously rising – they have started to decline due to candidate shortages. November saw a rise in the number of people placed in permanent jobs, however, the rate of growth moderated further, reaching its slowest for one and a half years.
Starting salaries for successful candidates placed in permanent roles rose further, with the rate of growth quickening from October’s eight month low and comfortably above the long run trend. However, the rate of decline in permanent candidate availability remained marked in November, with a range of skills being in short supply.
Engineering has remained at the top of the demand for staff table in November, with the Accounting/Financial industries in second place.
2014 has been a strong year for the UK labour market; employers are expanding their permanent workforces and preparing to make more generous offers to new recruits to attract the best talent, which is a sign of continuing business confidence. It has been seen that starting salaries for equivalent jobs are getting better by the month, driven by competition between employers for quality candidates.