Temporary worker billings growth at 13-month high
The Recruitment & Employment Confederation (REC) has released its latest Report on Jobs, in association with Markit. The Report on Jobs provides the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies.
Key findings of the report are that permanent placements have increased at the slowest pace since September 2015, growth of temporary worker billings is at a 13-month high, and the introduction of the National Living Wage has driven the sharpest rise in temporary worker pay since mid-2007.
The availability of staff to fill job vacancies continued to deteriorate in April. That said, rates of decline eased on the month. The latest fall in permanent staff availability was the slowest since January 2014, while temp availability decreased at the least marked pace in 31 months.Average starting salaries for people placed in permanent jobs increased further in April. The rate of pay growth remained marked, despite easing to a three-month low. Temp pay meanwhile rose at the fastest pace since July 2007, with panellists frequently citing the inflationary impact of the new National Living Wage.