Hiring Demand
Increasing Pay
Staff demand in the UK has increased at its fastest rate since April 2015, however with candidate availability continuing to decline, employers are raising pay rates higher than ever, according to the latest IHS Markit/REC Report on Jobs.
Growth of permanent starting salaries quickened for the fourth month straight in August and was the quickest rate of pay inflation seen since October 2015. Contract pay also increased at a faster pace, rising at the steepest rate for 16 months in August. The rises in pay comes amid a further drop in candidate availability as the pool of candidates ready to fulfil permanent job roles continued to decline sharply in August.
Private sector staff demand picked up again in August, with the number of vacancies rising at similarly sharp rates for both permanent and short-term staff. Demand for public sector staff remained less marked than seen in the private sector, but was nonetheless steep overall. Growth in demand for temporary public workers continued to outstrip that for permanent workers in the sector.
Demand for permanent workers rose across all monitored job categories during August. The steepest increase in vacancies was seen in IT & Computing, followed by Accounting/Financial. Construction saw the weakest upturn in permanent staff demand.
Staff demand in the UK has increased at its fastest rate since April 2015, however with candidate availability continuing to decline, employers are raising pay rates higher than ever, according to the latest IHS Markit/REC Report on Jobs.
Growth of permanent starting salaries quickened for the fourth month straight in August and was the quickest rate of pay inflation seen since October 2015. Contract pay also increased at a faster pace, rising at the steepest rate for 16 months in August. The rises in pay comes amid a further drop in candidate availability as the pool of candidates ready to fulfil permanent job roles continued to decline sharply in August.
Private sector staff demand picked up again in August, with the number of vacancies rising at similarly sharp rates for both permanent and short-term staff. Demand for public sector staff remained less marked than seen in the private sector, but was nonetheless steep overall. Growth in demand for temporary public workers continued to outstrip that for permanent workers in the sector.
Demand for permanent workers rose across all monitored job categories during August. The steepest increase in vacancies was seen in IT & Computing, followed by Accounting/Financial. Construction saw the weakest upturn in permanent staff demand.
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