by Laura Varley on April 10, 2014

posted on Sector news, Miscellaneous,

Salaries and staff demand on the up

Salaries for those in permanent jobs are on the up and more businesses are on the look out for new staff too, a new report reveals.

According to huffingtonpost.co.uk, the report from the Recruitment and Employment Confederation (REC) and KPMG shows salaries for Brits beginning permanent jobs increased at their fastest rate seen since 2007 last month. Moreover, there is a higher demand for staff in both the public and private sector.

Unemployment fell to just 2.33 million in the final quarter of last year, meaning some 63,000 people managed to find work. In January, the unemployment rate stood at 6.9 per cent, which is the lowest it’s been since February 2009, reports hrmagazine.co.uk.

It’s not all good news though, as employers are now finding they have less candidates to choose from when it comes to recruiting people into temporary and permanent roles.

Tom Hadley, REC’s director of policy, says some people are still unable to join the jobs market because they have skills that don’t fit the current roles available.

“The trend of growth in people finding jobs across all industrial sectors and regions continues,” he explains. “Starting salaries and hourly pay rates are up as employers battle to entice the talent they need. However worsening candidate shortages mean that the number of people available to fill both temporary and permanent jobs is falling at the sharpest rate in nearly a decade.”