UK starting salaries increased at the fastest pace since April 2015 amid steep reduction in candidate supply, the Report on Jobs published by IHS Markit and Recruitment & Employment Confederation showed Friday.
Starting salary inflation of those placed in permanent jobs reached a 41-month peak in September. Hourly rate of pay for temporary staff also grew at a faster pace.
Permanent staff appointments continued to expand but at a softer pace. Meanwhile, temp billings increased at a slightly quicker rate.
Further, recruitment consultants reported continued difficulties regarding the availability of staff for both permanent and temporary roles.
Neil Carberry, chief executive at the REC said, “UK businesses are resilient, but they’re struggling to find the people they need to drive growth and opportunity.”
“Recruiters’ specialist skills help to address this, but with Brexit looming a comprehensive mobility deal with the EU will be needed to underpin prosperity.”