The REC Chief Executive, Karen Green has recently summarised the current UK job market with “Finding people to do the jobs on offer is rapidly becoming employers’ biggest headache and many are reporting an increasing number of white collar jobs as hard to fill, including in the IT and financial sectors.”
This follows the latest REC / HIS Markit report (March 2017) demonstrating that following February’s one year peak in permanent placements; growth has slowed ever so slightly. In contrast, temporary and contract placements have followed a 47 continual month increase across the UK; particularly across Scotland and the North of England.
The report also lists a number of skills shortages for permanent roles in Accountancy/Finance including; ACA Qualified, Estimators, Internal Audit, Risk and Treasury.
The disparity between current vacancies and the availability of staff for both permanent and temporary positions (which is now at its lowest levels since January 2016) has continued to widen.
We are in a hugely candidate led market and never before has the ball been more in the employee’s court. This is reiterated further with further findings into salaries suggesting that salaries for newly started positions in both permanent and temp roles have continued to increase in March, with the South of England seeing the most notable increase.