A report on jobs by the REC has shown that there was a slower period of growth in September for both placements and salary increases.
The most comprehensive recruitment report of the UK labour market; the report on jobs by the REC has shown that growth within recruitment slowed down during the month of September. Although, the report still provided information that the labour market continues to show positive growth.
The key points highlighted in the survey showed that:
– Permanent placements rise at slowest rate in ten months
– Growth in starting salaries moderates to four-month low
– Temp pay rises at fastest pace in nearly seven years
The report also highlights the continuous lack of candidates available on the job market. This is extending to more industries, with marked declines in both permanent and temporary staff supply.
Temporary work continues the upward trend of increased hourly pay rates, with the fastest rise since November 2007. The fastest growth rate shown in the report was for temporary vacancies in the private sector.
The REC report offers an informative insight into the trends of the Recruitment industry and the difficulties that the UK labour market currently faces. Click here for the full report and for comments by Kevin Green, Chief Executive at the REC.