The Markit/REC Report on Jobs: Growth in staff appointments accelerates in November
The Markit/REC Report on Jobs for November has been released and shows that permanent staff placements continued to rise in November, with the rate of growth accelerating to its highest since February. Temporary/contract staff appointments also rose at a quicker pace reaching a seven-month high.
The latest survey reveals a strong demand for staff, with employee vacancies rising at steeper rates for both permanent and temporary roles.
The rate of growth in permanent starting salaries reached a six-month high in November with short-term pay rates also continuing to rise, and at the fastest rate since August.
The survey data indicated further healthy demand for private sector staff. While vacancies increased noticeably for both permanent and temporary roles, the growth has eased slightly since the previous month.
November data also showed an increase in demand for permanent staff. The strongest rate of growth was seen for engineering staff, followed by IT & computing.
REC chief executive, Kevin Green, commented; “The jobs market is ending the year on a high with appointments and vacancies at levels not seen since February. In all parts of the UK recruiters are reporting increasing demand, so clearly businesses continue to seek growth in their workforces.
“The main concern as we look forward to 2017 is an increasing skills shortage. The UK employment rate is at a record high and jobs are going unfilled in key areas. We need engineers to deliver infrastructure projects, carers and nurses to look after our aging population, teachers to educate our young people, and right now we are short of warehouse workers, drivers and chefs to meet demand over Christmas.
“In the longer term, improving hiring and training of young people via apprenticeships will help to ensure that employers develop a pipeline of people with the required skills. But there is an immediate need which must be met now so that businesses can thrive.
“Talent shortages will be exacerbated if the government imposes restrictions on people coming to the UK from abroad. This might result in businesses considering options such as offshoring or relocation abroad; this is a risk we cannot afford.”