Salaries and permanent roles on the rise

Permanent job vacancies are on the up across Britain, whilst salaries have shown the fastest growth in six years, reports.

According to new figures by the Recruitment and Employment Confederation (REC), the seasonally-adjusted index of permanent staff placements rose during August from 62.2 to 61.3. In doing so, they matched levels not seen since before the financial crash of 2007.

It also makes them comfortably above the fabled 50.0 mark, which represents the watermark for growth.

Not only did the REC report on a good month for those looking at new jobs, but also those already in a career, with salaries also posting positive results. It found that salaries for those in permanent positions rose at their fastest pace since the beginning of 2008.

Now, the jobless rate – which has been officially tied to interest rates by Bank of England Governor Mark Carney – stands at 7.7 per cent. It will need to reach seven per cent, however, before interest it revised up from its current status at 0.5 per cent.

Commenting, REC chief executive, Kevin Green, told how the “figures show the jobs market continues to be the success story in the UK economy, with all regions and sectors experiencing growth.

“The number of people being placed into permanent roles has now been growing continually for a year.”

by David Howells on October 8, 2013

posted on boyce recruitment updates,