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Hiring Trends - Job Report for October 2018

KPMG and REC UK Report on Jobs Summary – November 2018

 

Summarised findings from throughout October 2018 published in the REC Report on Jobs Summary.


“Whilst Brexit may be dampening overall business investment, firms continue to hire new staff at near record rates. With the jobs market so heated, businesses across the country, of all types, are struggling to find work ready staff. Particular pinch points include IT, engineering, nursing and care staff. Some clients tell us they are seeing the worst period of staff availability for 20 years. A four-decade low in unemployment and a dwindling supply of EU workers means good candidates are a premium. Consequently, we’re seeing wages pushed upwards and a trend of canny workers job hopping to secure a pay rise rather than remaining loyal to their existing employers.” James Stewart, Vice Chair at KPMG

               

Key Points form the October Survey:

 

·         Staff appointments increase at a quicker pace as demand for staff remains robust

·         Starting salaries inflation holds close to multi-year high driven by a sustained fall in candidate availability

 

·         The skills shortages reported within Accountancy/Finance permanent roles during October 2018 are:

o    Accountants

o    Audit

o    Compliance

o    Credit Controllers

o    Finance

o    Finance Analyst

o    FinTech

o    Paraplanners

o    Pensions Admin

o    Procurement

o    Risk

o    SOX

o    Tax

o    Treasury

 

 

·         The skills shortages reported within Accountancy/Finance temporary roles during October 2018 are:

o    Accountants

o    Audit

o    Banking

o    Compliance

o    Cost Manager

o    Credit Controllers

o    Finance

o    Payroll

o    Pensions Admin

o    Procurement

o    Risk

o    Treasury

 

 Click here for more information on the REC and KPMG November 2018 Report on Jobs Summary

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