The latest KPMG and REC, UK Report on Jobs survey highlighted softer rises in hiring activity during March, as candidate shortages restricted growth of both permanent placements and temp billings. Nonetheless, expansions remained sharp by historical standards, fuelled by a further steep increase in demand for staff. The availability of candidates to fill roles continued to fall sharply, however, with overall staff supply dropping at the quickest rate for four months.
The imbalance of labour supply and demand drove further substantial increases in rates of starting pay, with salaries for new permanent joiners rising at the quickest rate on record in March.
The report is compiled by S&P Global from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.
March sees further slowdown in hiring activity
Latest survey data pointed to softer expansions in both permanent staff appointments and temp billings across the UK in March. Though elevated by historical standards, rates of increase fell to 12- and 11-month lows, respectively. Recruiters frequently mentioned that candidate shortages continued to weigh on their ability to fill vacancies.
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