Report on Jobs reveals contractor demand at 15-year high
Findings from the latest Report on Jobs has revealed great news for contractors, as temp billings increased at its fastest pace in over 15 years.
The Report on Jobs survey, carried out by the Recruitment and Employment Confederation (REC) and KPMG, also found that contractor hourly pay rates rose at a considerably solid pace.
The fastest growth of temp billings in December was recorded in the Midlands, while the North posted the second-sharpest rise.
Demand increased for all nine temporary/contract staff categories, with IT & Computing posting the fastest growth, and Nursing/Medical/Care and Accounting/Financial completing the top three places in the demand for staff ‘league table’.
Kate Shoesmith, the Recruitment and Employment Confederation’s head of policy said, “Increasing demand for temp workers has driven up hourly pay rates for agency workers for the eleventh month on the trot. Growing confidence means more and more employers are willing to invest in their workforce and take on more people.”
“The real concern now is the mismatch between demand and supply with recruiters reporting that they can’t source suitable candidates for vacancies in a whole range of sectors. Companies want to hire more salespeople, accountants and businesses development staff to help their enterprises grow, but can’t find people with the right skills to take the jobs.”
Partner and Head of Business Services at KPMG, Bernard Brown, commented, “Combine the latest job figures with news that business confidence has reached a new high and it’s easy to share the renewed sense of optimism amongst employers. Permanent placements alone have hit a 4-year peak and with temporary hires accelerating to a 15-year high there is clearly room for corporate investment and, with it, job creation.”
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