Latest data shows that temp billings are on the up as ongoing uncertainty around the economic outlook has led to firms relying more and more on contractors.
REC and KPMG’s latest UK Report on Jobs shows that permanent placements fell for the seventh month in a row and at the quickest rate since the start of 2021.
Temp billings, on the other hand, expanded solidly with the rate of growth the fastest for seven months.
Neil Carberry, REC Chief Executive, said, “This data shows how uncertain many employers are feeling right now. The good news is they still need to hire, as growing vacancies show. But firms are hedging their bets.
“After a better month in March, in April we saw permanent hiring fall back quickly and businesses turn to temps to help them through. London had a particularly difficult month.
“The picture varies for temporary recruitment too, with REC members reporting weaker demand in some sectors than others as sectors like logistics, driving and food are heavily affected by changing consumer behaviour.
“Taken together, however, there is still plenty of opportunity out there for jobseekers. Wages are rising strongly for both temps and new permanent hires in the face of inflation, even though candidate availability is finally starting to improve.”
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