Coronavirus Job Retention Bonus: Further Information Released
The latest Markit/REC Report on Jobs was published just a few days ago, and is definitely good news for those in the UK workforce that prefer the non-permanent working lifestyle – such as limited company contractors and other temporary workers.
A sharp acceleration was identified, both in overall opportunities and in billings – and this was made even more significant when compared to growth in permanent roles, which is now at its weakest level since last Autumn. There was also a dramatic rise in rates of pay for non-permanent staff, with the greatest rate of increase this year being observed.
It was also interesting to note that the availability of both permanent and temporary workers continued to reduce during April – with the steepest decline for well over a year, meaning that the ongoing UK skills shortage is still very much apparent. This is even more of an issue, when compared to a noticeable increase in available roles being advertised.
Regional and sector variations
The highest growth in billings for contractors and other temporary workers was seen in both London and Scotland, with the least growth in the South of England. Meanwhile, there was a noticeable increase in demand for staff in the private sector – both temporary and permanent – although the rate of increase was somewhat less than has been seen in the last few months. This was balanced by a slight reduction in demand for both types of workers in the public sector.
Commenting on these findings Kevin Green, REC Chief Executive, said, “Demand for staff is growing within all sectors and all regions of the UK, but there are fewer and fewer people available to fill the vacancies. As a result, candidate availability is at a 16-month low and recruiters are flagging a shortage of suitable applicants for more than 60 different roles.”
This ongoing issue makes it clear that the opportunity for highly skilled contractors and temporary workers has never been greater.
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