The latest REC/KPMG “Report on Jobs” for January 2014 has just been published. This monthly report provides the most up to date picture of recruitment, employment, staff availability and employee salary trends available.
The January report highlights the continued growth in both permanent and temporary appointments with the fastest rise in job vacancies since May 1998. Salaries for permanent staff have continued to rise over the last 12 months, while the availability of candidates particularly in the highly skilled sectors continues to fall.
The overall growth in the demand for permanent staff has been strongest in the private sector which is no surprise as the government cutbacks continue to bite, and there has been particularly strong growth in the engineering, scientific and technical sectors where demand for staff has increased dramatically compared to January 2013. There has also been an upsurge in the number of vacancies within the senior staff/managerial levels which has led in turn to increased salary pressure. This growth in demand reflects the continued upturn in the UK economy.
There has also been strong growth in demand in the engineering and scientific fields for temporary/contract staff, which while not matching the growth in demand for permanent staff highlights companies need for staff in the short term.
The growth in the permanent recruitment area reflects the continuing confidence within the chemical, life sciences and pharmaceutical industries that we are over the worst and organisations within these sectors are starting to invest in staff, plant and R & D. However there is a potential cloud on the horizon, with increased pay pressure and skill shortages becoming a concern.
Overall, it has to be said that the pharmaceutical, chemical and life sciences industries are projecting a very positive outlook in terms of growth and demand for staff.