The KPMG and REC UK Report on Jobs is compiled by IHS Markit from responses
to questionnaires sent to a panel of around 400 UK recruitment and employment
Staff appointments increase at quicker pace…
The number of people placed into permanent jobs in the UK rose at a
sharp and accelerated rate in October. Notably, the latest increase was
the second-fastest since March. At the same time, billings for temp staff
expanded at the quickest pace since May.
…as demand for staff remains robust
Although job vacancies expanded at the softest pace for nearly two
years in October, the growth of demand for staff remained historically
sharp at the start of the fourth quarter.
Starting salary inflation holds close to multi-year high…
Starting salaries continued to rise sharply in October, with the rate of
inflation holding close to September’s 41-month record. Hourly pay
rates for temporary staff also increased markedly, despite the rate of
growth edging down to the least marked since March.
…driven by sustained fall in candidate availability
Overall candidate availability declined at the quickest pace for nine
months in October. The supply of both permanent workers and
temporary staff fell at steeper rates compared to September, with the
former noting the sharper pace of reduction.
…as demand for staff remains strong
September data pointed to a further rise in job vacancies for both permanent and temporary roles. The rate of growth in staff demand was sharp overall, albeit the weakest seen for nearly two years
Full Report click here – GB_Jobs_ENG_1811