Word on the street is that salaries are increasing but candidates available to take the positions are pretty much non existent. So we’ve decided to take a look and find out for ourselves what is really going on.
The latest IHS Markit/REC Report, shows that the average starting salaries for permanent staff has risen at a significant pace over the past three years. However, the number of permanent and temporary staff available to take these positions have continued to decline, so where are these candidates and how can we increase candidate availability?
Even though there was an increase in permanent staff appointments across the four English regions monitored by the research in August, the overall unemployment rate for the UK meant that availability dropped, sounds crazy right…we know.
Out of the ten job categories monitored by the survey, IT and Computing were top of the rankings for permanent job vacancies, marked increases were also seen in eight other sectors with the exception of Retail where open vacancies stagnated.
Yet there is some good news! Businesses are actually helping to drive Britain’s growth, as jobs are being created and starting salaries are also rising, meaning that there is more opportunities being presented to candidates. Neil Carberry, Chief Executive at the REC, stated that:
“There are big opportunities out there for candidates right now looking for a new role.”
However, the question is how long can our labour market defy gravity when it comes to the future of the country’s trading arrangement with the EU – as this currently remains unclear. Some companies have already started to introduce contingency plans to their businesses and those who have not yet looked into it will need to step up and progress.
A question that is on everyone’s minds is how will jobs in the long term be affected by technology and price competition driven by value-conscious consumers? Fear not, recruiters can help to find people the right pathways into growing sectors – boosting both opportunities available and candidate shortages in key sectors.
For more information on Selective Group and how we can help you don’t hesitate to get in touch with us on 01235 462 900 or email us on info@selective-group.co.uk!