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The August Report on Jobs

Posted on September 22, 2015

THE KPMH/MARKIT AUGUST REPORT ON JOBS in association with the REC.

August once again saw staff appointments rising but it was at the slowest rate in over two years.

The key points from this survey

  • Permanent placements and temp billings growth both at 27 month lows
  • Candidate availability falls at sharper rate
  • Further rise in starting salaries

Although permanent placements continued to rise in August, the rate of growth eased further. This signalled the lowest level in 27 months which was also the case for temporary/contract staff billings.

Restricted skill shortages are an ongoing issue and the availability of candidates fell at the sharpest rate of decline for 12 months for both permanent and temporary roles.

As a result, salary growth has remained strong and starting salaries for people placed in permanent or temporary roles continued to increase in August. In the temporary sector this was at a slower pace but the rate of growth remained strong relative to the survey’s historical average.

Vacancy growth has also remained strong and the demand for staff continued at a marked rate. Private sector roles have once again been more prominent and vacancies have risen around 10% on an annual basis.

Bernard Brown, partner at KPMG commented: “There was no respite for recruiters in August, who were left struggling to fill vacancies after a vast swathe of Britain’s jobseekers appeared to take the summer off. The number of people looking for a job fell at the sharpest rate seen for a year, leaving unfilled posts across the economy… In order to attract and retain the best people, businesses need to offer bespoke packages of benefits…”