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Permanent placements growth remains sharp in UK

Staff Writer | April 11, 2018
The IHS Markit/REC Report on Jobs provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
Permanent placements
Britain   UK Report on Jobs
Growth in permanent placements outstrips that for temp billings March data signalled a further sharp increase in permanent staff placements across the UK, with the pace of expansion edging up fractionally since February.

In contrast, temp billings expanded at the weakest pace for over a year.

Staff vacancies continued to rise markedly at the end of the first quarter. This was despite growth of demand easing slightly to the lowest for 15 months, driven by a weaker upturn in temporary staff positions.

Overall candidate availability continued to decline sharply during March, though the latest reduction was the weakest seen for one year. A softer drop in permanent candidate supply contrasted with a slightly quicker deterioration in short-term staff availability.

Average starting salaries continued to increase sharply in March, despite the rate of inflation softening to a ten-month low. Pay for temporary/contract staff rose at the quickest pace since last September.

The upturn in permanent staff placements was once again led by the Midlands, though rates of growth were marked in all of the other four UK regions monitored by the survey.

On a regional basis, Scotland recorded the sharpest rise in temp billings at the end of the first quarter. Growth was also sharp across the Midlands and the South of England, while modest upturns were registered in London and the North of England.

Staff vacancies continued to rise at sharper rates across the private sector compared to the public sector during March.

In the private sector, marked rates of vacancy growth were signalled for both permanent and temporary workers.

Vacancies for both permanent and shortterm staff across the public sector rose at steeper rates compared to those seen in February. Engineering led the rankings for demand for permanent staff during March, closely followed by IT & Computing.

Nonetheless, permanent job vacancies also rose markedly across the remaining seven job categories.