In December, permanent placements rose at their quickest rate for almost 4 months according to the latest IHS Markit/Recruitment & Employment Confederation ‘Report on Jobs’. This has created a fantastic boost to the employment market in a variety of sectors throughout the UK.
The report’s findings released this week, reveals that full-time placements increased at the quickest pace since the beginning of August, as agencies across the UK reported strong demand for staff. In addition to this, the growth of temporary roles also remained steady, despite slightly lessening since November.
But whilst the placement of permanent roles rose rapidly, the amount of staff available for both permanent and temporary roles fell away over the month. This drop in personnel was among the fastest seen for two years, as a number of sectors struggled to discover experienced recruits. In addition to this, temporary labour supply also declined at a very fast rate in December, despite the rate of reduction slowing since November.
Across the UK, the fastest increase in permanent placements was witnessed in the Midlands, while the least marked rate of growth was seen in London. However, what it lacked in permanent placement rates our nation’s capital more than made up for in temp roles, as London posted the fastest increase in temp billings of all five monitored UK regions.
Looking in a bit more detail at individual sectors, December’s results pointed to rising demand for both private and public-sector staff. Although the steepest increase in vacancies was seen for permanent workers in the private sector, the private temp sector closely followed with a similar increase in demand. There was however a relatively modest rate of growth witnessed for both permanent and temporary vacancies across the public sector.
The accounting/financial sector reported steady increases in the demand for permanent workers in December, closely followed by IT & computing and engineering. The slowest of all sectors was in the construction and hotel / catering industries, who saw only a minor rise in placements throughout the final month of 2017.