Permanent placement growth hits highest since October 1997
Demand for staff improves to greatest extent in 23 years
Marked drop in candidate availability places upward pressure on pay
Data collected April 12-26...
The latest KPMG and REC, UK Report on Jobs survey, compiled by IHS Markit, signalled a further marked improvement in labour market conditions in April, with hiring activity rising sharply for both permanent and temporary staff. Recruitment was bolstered by stronger market confidence as the UK began to emerge from the third national lockdown and more parts of the economy reopened. Furthermore, overall vacancies expanded at the quickest rate for 23 years.
The latest survey also highlighted a marked drop in candidate availability, however, as many people were reluctant to seek new roles amid concerns over job security. The reduced supply of workers drove further notable increases in starting salaries and temp pay.
The report is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.
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