Markit Survey: UK Permanent Jobs Rise Even Further
A survey compiled every month by data firm Markit, called the Report on Jobs, was released on Friday showing the UK’s permanent job placements have risen at its fastest pace in nearly four years.
The monthly index, sponsored by KPMG and the Recruitment and Employment Confederation (REC), measures the number jobs in all sectors and in all regions of the UK, both permanent and temporary. Readings over 50 indicate a rise in the number of permanent job vacancies – the index was at 62.1 in January, which the rose steeply to 65.2 last month.
KPMG partner and head of business, Bernard Brown, said that it seems that workers in the UK are “suffering from a clash of confidence”. On one hand, vacancies for permanent positions are opening up across the board, with employers wanting to demonstrate that the placements are secure enough to sustain permanent staff, in long-term positions. On the other, viable candidates to fill these permanent roles are practicing caution, staying in the positions they are already in, causing employers to seek them out.
The survey also showed that salaries for permanent staff increased at its fastest rate in more than six years, so employees needn’t be so nervous when it comes to job security in a new position. “The simple fact is that employers would not be competing to offer candidates ever-increasing salaries if they couldn’t afford to sustain them,” Brown explained.
The increase in the number of permanent job vacancies covered the whole country, with the strongest rates showing up in the North of England. While London showed the slowest rise, an increase was still recorded nonetheless.
Brown said that it wasn’t that long ago that employers if the economic recovery signs were real or not, but with overall confidence building since the end of last year, the recession could just become a memory in the coming months. “People have short memories and, if the latest recruitment figures are anything to go by, they may well be wondering what all the fuss was about,” he said.
REC CEO Kevin Green explained that the Markit data is supported by REC’s Jobs Outlook data, which gives an idea on how employers will hire for the following year. The Jobs Outlook indicates that businesses will be hiring more staff throughout 2014 as confidence in the economy grows and strengthens. “That all sectors, all regions, and both the private and public sector are in growth, is fantastic news for British businesses, the UK economy, and people looking for work in 2014,” Green said.
The greatest demand for employees remains in engineering, while construction workers and those in caring professions – nurses and carers – also showed great growth rates.