Temp billings growth hits highest level in 23 years

(3 minutes to read)

REC: ‘The jobs market is improving at the fastest pace we have ever seen, but it is still an unpredictable time’.

With pre-pandemic business conditions starting to return, recruitment activity surged again during last month, with the upturn in temp billings the fastest in this survey’s history.

The latest KPMG and REC’s UK Report on Jobs survey revealed that growth of demand for temporary vacancies expanded at the fastest rate since December 1997.

Hourly rates of pay also increased at the fastest pace since October 2004.

Neil Carberry, Chief Executive of the REC, commented, “Recruiters are working flat out to fill roles across our economy. The jobs market is improving at the fastest pace we have ever seen, but it is still an unpredictable time. We can’t yet tell how much the ending of furlough and greater candidate confidence will help to meet this rising demand for staff. In some key shortage sectors like hospitality, food, driving and IT, more support is likely to be needed to avoid slowing the recovery.

“That means supporting transitions into growing sectors through unemployment support and new skills programmes, as well as making sure the new immigration system reacts to demand, as promised. But it also means that hiring companies need to re-assess their workforce plans. In a tight jobs market, working with professional recruiters to position your firm as an employer of choice is a must.”

Considering becoming an employee of Contractor Umbrella?

Give us a call on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.

Email Jaime

Claire Warnes, Partner and Head of Education, Skills and Productivity at KPMG UK, added, “June’s data confirms that momentum in the jobs market continues to surge, with improved business confidence leading to record high recruitment activity. As we move towards the final easing of pandemic restrictions, permanent role availability increased at the quickest rate since the survey began in 1997 and temporary roles rose to the greatest extent for 23-and-a-half years.

“But for the fourth month running we’re seeing a decline in the availability of candidates to fill all these new roles and the most severe deterioration for 24 years. We need action from businesses and government to reskill and upskill furloughed and prospective workers now more than ever, as the increasing skills gap in the workforce has the potential to slow the UK’s economic recovery.”

To find out more about contracting please contact Mahli on 01206 591 000 or email mahli.tugby@contractorumbrella.com.

You may also like to read

Contract billings expand despite hiring uncertainty

A recent report has revealed that contract/temp billings are on the rise, despite uncertainty regarding hiring and staff availability. The latest ...

Read More

Contractor vacancies and rates of pay on the up

Recent data has revealed positive news for the UK’s contracting sector regarding rates of pay and billings. September’s IHS Markit/REC Report ...

Read More

Businesses turn to contractors in economic uncertainty

The self-employed sector remains on positive ground with many UK businesses turning to contract workers during this time of economic ...

Read More

Still thinking about if you should join Dolan Accountancy?

Give us a call on 01206 591 000 or email Mahli.tugby@contractorumbrella.com

BLACK FRIDAY DEAL

One week margin free when you sign up with Contractor Umbrella today!
Hurry - Deal ends at midnight tonight.
CLAIM NOW
      Terms and Conditions: 
1 week margin free or £25 reduction on monthly margin. Online registration form must be completed by midnight 6th December 2019. Payment must be processed and margin redeemed by 31st December 2019.
      
close-link

dav1