Continued Positive Employment News in 2015
Official national official figures for the first 3 months of 2015 show the UK’s unemployment rate has fallen to its lowest level in seven years
The number of people out of work in the period between January to March 2015 fell by 5.5% to 1.83 million, which was down 35,000 from the previous quarter and the lowest since 2008. As a result, the total number of people in work rose to 31.1 million (an increase of 202,000), the highest since records began in 1971.
In addition, following the conclusion of May’s general election, financial markets surged and the pound posted it’s biggest jump against the US dollar since 2009. It is predicted that the UK economy will expand by 2.5% for the year as a whole. Official figures have also shown that UK industrial output grew at its fastest pace for six months in March 2015.
Wage growth is accelerating at it’s fastest rate for nearly four years
There was also a continued growth in wages as employers realise that they have to make salaries as competitive as possible to attract the right candidates in a job market that is still experiencing a high skills shortage in most industry sectors. Average pay for employees, excluding bonuses, rose by 2.2% in the year to March 2015, which was an increase of 0.2% compared to the previous month. If bonus payments were included, average pay rose by 1.9% over the same period. These figures mean that salaries are now growing at its fastest rate for nearly four years.
Strong demand continues for both temporary and permanent staff
Employers are continuing to utilise the services of recruitment agencies in such a challenging, candidate driven market. According to the Recruitment Employment Confederation (REC) the number of people placed in permanent positions by recruitment consultants continued to rise in April 2015. This reflected a continued increase in demand for staff with permanent vacancies rising at the fastest pace since October 2014. Hourly rates of pay for temporary/contract staff have increased at the fastest pace since 2007. The demand for temporary staff is at it’s highest in the Midlands which is positive news for our local area.
As we move towards the final quarter of our 5th year in business, Intro Personnel continues to look at new and innovative ways to attract the best candidates in North Staffordshire and South Cheshire, whilst ensuring that we continue to work closely with the area’s leading employers to provide the most attractive job opportunities. Whether you are interested in looking for a new job opportunity or you are an employer looking to hire a new temporary or permanent employee, our recruitment team would love to hear from you on 01782 413307.