Recruitment Round up – July

Tuesday, August 16, 2016

The latest UK labour market data has just been published by the Recruitment & Employment Confederation and has highlighted what we’ve all suspected for some time – particularly in the wake of Brexit.

  • A marked drop in Permanent appointments amid heightened uncertainty.
  • Contractor placements continue to rise but at slowest rate in 10 months.
  • Permanent salaries have increased at their weakest rate in over 3 years.

While these factors are representative of the UK employment market in general, the manufacturing and engineering sector as a whole remains particularly buoyant with demand for staff remaining consistently high.

However, we as recruiters are having to face up to the added problem of ongoing skill-shortages which has resulted in jobseekers having more opportunities to consider than ever before. This coupled with the dreaded buy-back scenario from existing employers creates a difficult trading environment in which to operate for employers and recruiters alike, with job seekers ultimately calling the shots.

On the upside, with the political situation seemingly becoming more stable, and the Bank of England offering its support to the UK economy, we may well see confidence returning to the jobs market more quickly than anticipated.