Recent data has shown that vacancies for professional contract roles were up by 37% in the last week of May compared to the beginning of the month.
According to the APSCo’s latest monthly Recruitment Trends Snapshot report, with data provided by growth analytics platform cuble19, these figures show the first rise of both contractor and permanent roles for three months, suggesting that organisations are beginning to ‘gear up’ for further easing of lockdown restrictions.
However, year-on-year, permanent vacancies are down by two thirds and by 14% month-on-month while contract roles are down 59% year-on-year and 17% month-on-month.
The APSCo believe that these month-on-month and year-on-year figures show the enormous impact that the crisis is having on the hiring market and are not unsurprising given the numbers of employees currently on furlough which, according to the most recent government statistics, is currently sitting at 8.7bn – a quarter of the workforce.
Ann Swain, CEO of APSCo, commented, “While the overall month on month and year on year figures obviously reveal the depth of this crisis, the more granular data does suggest the beginnings of a reversal of a continuing downward trend. With lockdown restrictions gradually easing and organisations beginning to plan for a return to work, we hope to see this slow steady rise continuing through the summer.”
Joe McGuire, Global Sales Director at cube19, added, “The gradual easing of lockdown restrictions has brought a sense that we are moving towards the recovery phase of the crisis. Although the key metrics are significantly down year on year, they do appear to have flattened and we began to see some steady but sustained upward trends by the end of May, for example vacancies and interviews which are up noticeably when comparing the last week of the month with the first. We’re still in uncharted territory but with more industries preparing to re-open there are positive signs for the recruitment industry.”
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