Growth in contractor vacancies and pay remain sharp

(3 minutes to read)

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Umbrella company contractors will be pleased to learn that overall, the latest Report on Jobs revealed positive results for the self-employed sector.

The recent report, compiled by IHS Markit and the Recruitment and Employment Confederation (REC), found that both temporary and permanent staff vacancies continued to rise at historically marked rates.

And, despite growth in rates of pay easing to the weakest in ten months, it still remained sharp overall.

The Midlands saw by far the quickest increase in contractor / temp billings, followed by the North and South of England and London.

Interestingly, 'Hotel & Catering' was the most in-demand category for staff in January. Growth of demand was also sharp for 'Blue Collar' and 'Nursing/Medical/Care' workers.

Kevin Green, REC Chief Executive, commented, “We are seeing a continued rise in jobs filled via recruiters as it gets more challenging for businesses to find candidates. The UK has almost full employment and the country is plagued by labour, skills and talent shortages. This increasing competition for good quality staff is driving up starting salaries with employers willing to pay higher wages to attract the right people. So, it’s a good time to move jobs, especially as employers aren’t increasing wages for their existing workforce.”

He added, “The struggle to find appropriate candidates will get worse. We are therefore asking for a balanced and evidence-based immigration system. Businesses urgently need to invest in the upskilling of their workforce. The government can help by turning the Apprenticeship Levy into a broader training levy. It’s time they put the concerns of UK businesses at the top of their agenda.”

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Simon Dolan is the Managing Director for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual. Learn more about Lucy on Google.

 

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