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Hiring Trends - Job Report for January 2019

KPMG and REC UK Report on Jobs Summary – February 2019

 

Summarised findings from throughout January 2019 published in the REC Report on Jobs Summary.


“With Brexit just days away now, it’s definitely a nervous time for recruiters. January marked the first fall in permanent staff appointments since the referendum and we’ve seen a sharp decline in the number of candidates entering the jobs market. This is pushing up starting salaries at historically strong rates.

Both employers and employees are in ‘wait and see mode’ now and there is little reason to believe the brakes will come off the jobs market before we find out what sort of Brexit the UK is about to experience.

The majority of sectors across the UK economy are now more cautious and hiring more slowly than they were 12 months ago. Indeed, the retail sector is actually shedding permanent staff.

Nationally the number of permanent staff appointments has fallen considerably in the North region, Midlands region and London. The exception is the Southern region where the number of permanent staff appointments continues to grow, albeit more slowly.’  James Stewart, Vice Chair at KPMG

 

‘This is the first month since July 2016 where permanent placement numbers have dropped, with weaker – but still positive – performance for temporary roles, and the lowest rate of vacancy growth for over two years. But we should be careful not to overreact – employment rates are high, and the performance of our labour market overall is still strong. That said, the survey results are a sharp reminder to politicians in Westminster and in Brussels of the need to provide businesses with clarity about the path ahead, so they can invest with confidence.’ Recruitment & Employment Confederation chief executive Neil Carberry

               

Key Points form the January Survey:

 

·         Permanent placements fall for the first time in two-and-a-half years

·         Vacancy growth edges down to 27- month low

·         Sharper fall in candidate availability leads to further increases in starting pay

 

·         The skills shortages reported within Accountancy/Finance permanent roles during January 2019 are:

o    Accountants

o    Accounts

o    Auditors

o    Commercial Cost Managers

o    Credit Controllers

o    Estimators

o    Finance

o    Financial Services

o    Fund Accounting

o    Insurance Business Analyst

o    Investment

o    Payroll

o    Pensions Admin

o    Purchase Ledger

o    Risk

o    Tax Accountants

o    Treasury

o    Underwriters

 

·         The skills shortages reported within Accountancy/Finance temporary roles during January 2019 are:

o    Account Clerks

o    Accountants

o    Accounts

o    Auditors

o    Banking

o    Commercial Cost Managers

o    Credit Controllers

o    Finance

o    Payroll

o    Pensions Admin

o    Risk

o    Treasury

 

 Click here for more information on the REC and KPMG February 2019 Report on Jobs Summary

Follow us on Twitter for more Financial and Recruiting News @CMCConsultingUK

 

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