Demand for staff accelerated during July, which served to increase pay rates further, according to the latest poll from the Recruitment & Employment Confederation (REC) and Deloitte.
The new REC/Deloitte 'Report on Jobs' highlights rising rates of growth in recruitment consultancies' permanent staff placements and temporary staff billings in July.
Conversely consultancies reported a further sharp decline in the availability of candidates to fill vacant positions. This skills shortage has exerted further upward pressure on average pay rates.
Brett Walsh, European head of human capital at Deloitte, explained that the demand for staff by UK employers increased at a pace not seen for three-and-a-half years.
"This increase in demand for staff, represents a continuing shift from firms' widespread cost cutting activities to the investment in additional capacity," he added.
"With suitably skilled candidates in short supply, firms were again willing to offer substantially higher pay rates to attract the right staff." |
