Job vacancy rate hits 15 year high
Ever since the start of the economic downturn, there have been persistent media reports about the lack of jobs and the instability for those who do have employment.
However, for those seeking work or HR jobs Hampshire, the end of 2013 is celebrated with some good news on the jobs front as November has seen the fastest growth in job vacancies for the last fifteen years.
In addition, evidence shows that salaries are rising.
Recruitment and Employment Confederation
The news is in stark contrast to the many reports of a lack of jobs, zero hour contracts and exclusivity clauses. However, the research which comes from the UK’s main body for recruitment firms and HR professionals, the Recruitment and Employment Confederation (REC) which shows that their jobs vacancies index, which compiles data from over 400 recruitment firms, has now risen to its’ highest level since 1999.
These vacancies are then split into four geographical areas, the North, the South, the Midlands and London. Of these, the figures show that the highest growth and the highest number of vacancies are in the Midlands, whilst the most demand among these was for engineers. Nursing and other medical staff are also in demand whilst construction workers are the least in demand – although it is worth mentioning that few construction jobs take place during this time of the year, and this figure is expected to rise as the weather improves in the new year.
REC CEO Kevin Green discussed the positivity in the market at the moment, describing it as “fantastic news for British businesses.”
Improvement in salaries
In addition to the growing number of available jobs, there was also highly positive news for the salaries which are on offer for those vacancies. The report not only showed that the salaries on offer for temporary staff had risen, spelling good news for HR recruitment agencies, but also that the salaries for permanent staff had risen to a rate which was the highest it has been in the last six years.
Bernard Brown the head of business services at KPMG who sponsored the report confirmed their findings saying that he put the growth down to a “change in sentiment” this year.
He did however discuss the negativity which still exists, saying that although there are vacancies, there seems to be a lack of candidates to fill them. Of course, this might be attributed to the time of year as few employees are willing to take on new job roles just before Christmas. Indeed, Mr Brown confirmed the tradition for staff who are “more focused on Christmas than careers”. However, if this were the case, it could spell an exceptionally strong start to 2014.