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Cathedral Appointments Job Report - January 2018

Cathedral Appointments Job Report - January 2018

Posted on January 23, 2018

KEY POINTS FROM JANUARY SURVEY:

  • Permanent placements rise at a quicker pace as temp billings continue to expand sharply
  • Demand for staff moderates slightly but remains robust
  • Further marked decline in staff availability contributes to steep increases in pay

Permanent placements rise:

The number of people placed into permanent positions by UK recruitment agencies continued to increase in December, thereby extending the current trend to 17 months. Furthermore, the rate of growth edged up to its strongest since August, with nearly 29% of panellists noting an increase. A number of consultancies indicated that strong demand for staff and a greater willingness to hire permanent workers had driven the latest upturn in permanent placements. However, there were still a number of reports that candidate shortages had restricted overall growth. 

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Demand for staff moderates slightly but remains robust:

The Report on Jobs Vacancy Index dipped to 61.9, from 62.9 in November, and signalled an easing in the rate of expansion of demand for staff to the least marked in one year. That said, the rate of growth remained sharp and above the series average (57.8). Softer increases were indicated for both permanent and temporary staff vacancies, with the respective indices edging down to 12- and 11-month lows. 

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Continued shortage of candidates leads to a general increase in salaries:

Permanent staff availability declined for the fifty-sixth month in a row in December, and at a sharper pace than seen in November. Furthermore, the rate of reduction was one of the steepest seen over the past two years. 

The number of temporary candidates also fell sharply in December. This was despite the rate of deterioration easing to the least marked in ten months. 

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Starting salaries for successful permanent candidates continued to rise, as reported by 21% of recruitment agencies. Panellists attributed higher salaries to a combination of strong demand for staff and shortages of skilled candidates in various industries. 


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