Contractor billings and rates of pay on the rise
The Recruitment and Employment Confederation and KPMG’s Report on Jobs has shown positive results for contractors.
The latest research, which uses original data provided by recruitment consultancies, signalled further increases in contractor and temporary billings during last month, as well as higher vacancy levels in both the public and private sectors, and across all monitored job categories.
It was also found that contractor’s rates of pay grew significantly during last month.
The Midlands continued to post the strongest temp jobs growth during the latest survey period and private sector vacancies continued to rise at a faster pace than public sector roles.
Higher demand was broad-based across all nine types of temporary/contract staff in October, with the most sought-after category being the engineering sector.
REC CEO Kevin Green said, “This is another month of growth for both temporary and permanent jobs, in all regions, in all sectors and now across both the private, and public sectors.
“The real good news for workers is that starting salaries have risen at the sharpest rate in 6 years – however this is the result of a six year low in the availability of staff to fill the number of jobs available. The skills shortage shows no signs of abating and although it is starting to drive wages up there is a real danger that it could cause serious damage to future economic growth in the UK.
“Recruiters are also telling us that the hiring process is starting to pick up speed as employer confidence returns, which should lead to greater fluidity returning to the jobs market and greater opportunities for those looking to enter the jobs market or make the next step up in their career.”
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