Contractors will be pleased to hear that a recent report has revealed positive findings for the sector during October.
The IHS Markit/REC Report on Jobs, which provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies, has shown that contractor rates of pay continued to grow and vacancies rose sharply.
Data also found that the private sector continued to record the quickest upturn in demand for staff, and registered sharp increases in both contractor and permanent staff vacancies. Meanwhile, growth of demand for contractors remained stronger than that for permanent staff in the public sector.
Looking at a regional analysis, billings rose sharply across all monitored UK regions, led by the North of England. The report also shows broad-based growth of demand across all monitored sectors for contract/temp staff.
Kevin Green, REC Chief Executive, said, “Last month, recruiters helped even more people find permanent jobs – this is great news as it shows that employers are continuing to hire. However, the data also shows that growth is slowing down and one of the reasons is that we simply do not have enough people for all the roles that are out there at the moment. And the number of vacancies is still getting higher.
“For jobseekers this is good news as employers are willing to pay higher starting wages to attract the right candidates.
“We already know that EU workers are leaving because of the uncertainties they are facing right now. We therefore need clarity around what future immigration systems will look like. Otherwise, the situation will get worse and employers will face even more staff shortages.”
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