By Max Clarke
As the nation comes to grips with what has been labelled ‘Worse off Wednesday’, there is finally some good news for Britons: permanent job openings continue to expand as salaries grow at their fastest rate in eight months, the REC (Recruitment and Employment Confederation) has revealed in their latest jobs report.
Mirroring monday’s survey from Reed, which showed a 28% year on year growth in demand for staff, the REC/ KPMG Report on Jobs shows the fastest growth in permanent job vacancies since April 2010, while temporary posts grew at their fastest since July 2007.
The rate of permanent salary inflation accelerated to the highest for eight months in March, although it remained slightly below the survey’s thirteen-year average. Growth of temporary/contract staff pay remained muted.
“The good news is that vacancies are rising at their highest rate since April last year and March is the eighteenth consecutive month that vacancies have grown,” said REC Chief Executive, Kevin Green. “This demonstrates increasing demand for new staff from private sector businesses. What is concerning is the increase in starting salaries for permanent staff which is due to two factors.
Also to comment is KPMG Partner and Head of Business Services, Bernard Brown:
“The challenge going forward will be to transform our public sector services — and create the private sector jobs of the future. For the Government, this will mean speeding up private sector investment into the provision of public services to mitigate the cuts and job losses we are experiencing across the public sector.”