KPMG and REC, UK Report on Jobs - June 2023
Posted on Saturday, July 1, 2023 by Barbara Robertson — No comments
Introducing the UK Report on Jobs, a comprehensive guide to the dynamic UK labour market. The key takeaways from the June edition are as follows:
- Uncertainty hampers staff recruitment: Companies hesitate to hire due to economic uncertainties, resulting in decreased permanent staff appointments. Temporary staff billings show a mild increase.
- Rapid rise in candidate supply: Staff availability rises for the fourth consecutive month, with the sharpest upturn since December 2020. Both permanent and temporary staff supply expand at accelerated rates.
- Softening of starting pay growth: Starting salaries and temporary wages increase, driven by the rising cost of living and competition for skilled staff. However, pay rate expansion for both permanent and temporary staff slows.
- Easing vacancy growth: While overall vacancies continue to rise, the pace of expansion slows for the fourth consecutive month. The growth in permanent vacancies softens, while demand for short-term staff rises.
The UK Report on Jobs provides crucial insights for hiring managers navigating the challenging employment landscape, helping inform their decision-making.
View the full report here: KPMG and REC, UK Report on Jobs - June 2023