Labour Market Report - Spring 2018

Written by Sanderson Recruitment | Blog | Labour | Candidates | Clients | UK Economy | Posted 14/03/2018 10:54:43

With Spring just around the corner and this quarter nearing its end, itís time to take a look at the status of the labour market in the UK and the successes weíre experiencing so far.

Placements are on the upÖ still!

Having been on the rise for the duration of 2018 so far, placements are still faring well in this monthís labour market report. Although both permanent and temporary job placements saw sharper increases in January, to be expected in this period, they are still both improving at a marked pace.

According to panellists, surveyed by the Report on Jobs, this quarters boost has been driven by strong demand for staff and greater willingness among job-seekers to take up new roles.

Private vs Public

The private sector demand for staff rose at a considerably stronger pace than in the public sector, according to latest jobs survey data. The demand seen in the private sector has been considerably in favour of permanent roles whilst the public sector registered far stronger demand for temporary staff. Data from the Office for National Statistics (ONS) showed that job vacancies rose 9.3% on an annual basis in the three months to January.

Sectors on the rise

The strongest growth of demand for permanent staff was signalled within the IT & Computing sector during February. Engineering and Accounting/Financial workers also registered a marked rise in demand for their services. Nonetheless, vacancies also rose across all of the remaining job categories.

Candidate availability

Employers comment on the difficulty of finding suitable, available staff in this monthís Report on Jobs, an ongoing issue noted in the report over the last 13 months. The issue sits in contrast to the candidate availability seen on the ground by our recruiters however and suggests employers can benefit from engaging specialists who have access to the candidates they are struggling to source.

Pay prospects

Good news! This monthís report shows an increase in permanent salaries and hourly rates for temp/contract staff. The rate of inflation softened slightly from the start of the year, but remained among the steepest recorded over the past two-and-a-half years.

Stats sourced from RECís Report on Jobs Ė March 2018

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