Latest data shows that engineering skills are in short supply as the number of people applying for these roles have dropped by 44% in the last ten months.
The Association of Professional Staffing Companies (APSCo) analysis, using data provided by Broadbean Technology, also revealed that because of staff shortages and the cost-of-living crisis, average salaries across engineering increased throughout the year.
Figures show that engineering pay increased steadily between January and July, up 4% during this period while October saw a 1% increase in remuneration for engineering roles.
Ann Swain, Global CEO of APSCo, commented on the findings, “We’ve seen demand for engineering professionals increase steadily since June having gone through peaks and troughs in the first half of the year. Pay has also increased consistently as this demand for talent grows.
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Email Jaime“However, the data shows that applications continue to fall, largely driven by engineering skills shortages. The drop in the number of people applying for work in October does, however, indicate a possible reluctance to move jobs in an uncertain economic climate.
“It’s crucial that the government enacts policies that will bring stability for workers, including announcing the long-awaited Employment Bill and revising policies to better recognise and support the unique needs of the highly skilled contractor labour market.”
To find out more about contracting please contact Jaime on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.
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