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1st back-to-back rise in permanent UK employment in Jan

20
Feb '20
Pic: Shutterstock
Pic: Shutterstock
January marked the first back-to-back increase in permanent staff appointments in the United Kingdom for over a year amid reports of firmer market confidence, according to the latest KPMG and REC, UK Report on Jobs. However, billings received from the employment of temporary staff fell slightly for the first time since early 2013, says the report.

The total number of staff vacancies across the United Kingdom rose at the quickest pace for ten months in January, with growth largely driven by improved demand for permanent workers. Notably, permanent staff vacancies expanded at the steepest rate since last March, while growth of demand for short-term workers was unchanged from December.

UK recruiters signalled a further increase in permanent staff appointments in January amid reports of improved business confidence following the general election. Though modest, the rate of growth was the quickest recorded for just over a year. In contrast, temp billings fell for the first time since April 2013, with a number of recruiters blaming this on upcoming changes to IR35 legislation.

Vacancy trends also highlighted strengthening demand for permanent workers, while temporary vacancy growth steadied.

However, concerns over the outlook and an already low unemployment rate continued to weigh on the supply of workers. January data pointed to further steep reductions in both permanent and temporary candidate numbers, with the former noting the quicker rate of decline, a press release from KPMG said.

Pay pressures were meanwhile relatively subdued, with permanent starting salaries rising at the softest pace for three-and-a-half years. The report is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.

Latest data signalled softer increases in starting pay for both permanent and temporary workers in January. Though solid, the latest upturn in permanent starting salaries was the slowest seen for three-and-a-half years.

Slower rises in starting pay occurred despite further sharp falls in candidate supplies. Although the drop in permanent worker availability eased slightly at the start of 2020, the reduction in temp staff numbers the most marked seen since last June, the report found.

Fibre2Fashion News Desk (DS)


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