Permanent placements and salaries rise at faster rates in April
The Recruitment and Employment Confederation (REC) and KPMG Report on Jobs have published a new report showing the results of the UK labour market from April 2015.
The report has found that the number of people placed in permanent jobs continued to rise in April. Furthermore, the rate of expansion quickened to an eight month high. This shows a stronger increase in the demand for staff, with permanent vacancies rising at the fastest pace since October 2014.
Also, permanent staff salaries accelerated to a nine month high last month, this is most likely due to a combination of strong demand and skill shortages.
The number of candidates available to fill permanent roles fell further in April – with the rate accelerating to the sharpest in five months.
With the new government coming in, it is important that the UK’s looming jobs crisis is tackled. The number of people getting new jobs and new vacancies posted by businesses is increasing substantially. Salaries are also increasing. However, as skill and talent shortages are increasing, it isn’t surprising that the sustainability of this jobs boom is being questioned. The availability of candidates has been falling for 2 years with the situation getting worse month on month.
Therefore, the new government needs to help by improving vocational education, providing quality careers advice for all and ensuring a sensible approach to immigration to help businesses find the skills they need within their company.