A new report has demonstrated a slowdown in the growth of the UK jobs market over the last month, though opportunities still exist for talented contractors and temporary workers.
The latest Recruitment and Employment Confederation (REC) and KPMG Report on Jobs for July 2015 has indicated that temporary and contract staff billings increased again last month, albeit at the least marked pace in 25 months.
Permanent staff placements also continued to rise in July, but once again the rate of growth eased from the highs seen in April to the slowest in over two years.
One of the key issues companies are facing at the moment is a lack of access to suitably skilled candidates. Temporary and contract staff availability decreased on the whole during July, even though the rate of deterioration eased to the slowest in five months, while the drop in permanent candidate numbers was the most pronounced since November last year.
This has had a slight impact on the level of demand for staff, but the REC/KPMG report also indicated that those who are able to secure the jobs available are being well-rewarded. Indeed, pay growth for temporary staff quickened to the fastest pace since April.
Midlands-based agencies registered the fastest growth in temp billings in July, with the slowest increase seen in the south of England.
Responding to the overall slowdown, the report called on the government to do more to support companies that are seeking to bolster their workforce in order to unlock their full potential for growth.
Bernard Brown, partner at KPMG, said: “It is clear we are in the grip of an industry-wide skills shortage, which shows no signs of abating. Businesses are struggling to find the talent they need and this will have long-term implications for their growth plans and potentially impact the wider performance of the UK’s economy.”
View our latest blogs
Take a look at our recent blogs below.
Businesses urged to apply for remaining COVID-19 support grants
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to […]
Published on 18th February 2022
Our specialist accounting packages for sole traders and the self-employed combine easy online tools with accountant support to take away the stress of handling your accounts.
From £25 + VAT / month
Thousands of owner-managed businesses turn to Boox for the right help and advice with running their limited company. They love our personal service and accounting market-leading software.
Pay for what you need
A range of cost-effective accounting services designed for buy-to-let landlords and property investors. Specialist advice and marketing leading software takes the complexity and stress out of managing a property investment business.
From £40 + VAT / month