Growth in hiring softens slightly, while starting salaries rise at steeper rate

The June jobs survey by Markit, has reported that demand for Permanent staff in the UK continued to rise but that the level of permanent hires softened as a result of increasing skill shortages in a number of sectors including Engineering.

Demand for permanent staff in engineering was at a 24month resulting in starting salaries rising at a steeper rate. Demand for Contract/temporary Engineers softened slightly

Key Points from the June Survey:

* Permanent hiring continues to rise markedly
* Availability of candidates continues to decline sharply
* Starting salaries increase at quickest pace for just over a year-and-a-half

Commenting on the latest survey results, Tom Hadley, REC Director of Policy said:
“With fewer people currently looking for jobs, employers are having to increase starting salaries to secure the talent they need. This is creating great opportunities for people with in-demand skills who are prepared to change jobs, but it’s also putting unsustainable pressure on many businesses.

Acknowledgements:
The Report on Jobs is a monthly publication produced by Markit and sponsored by the REC (Recruitment and Employment Confederation) and KPMG LLP.