Latest results from the KPMG and REC’s report on jobs show improvements in the job market as 2019 closed with Permanent Placements and Temporary Billings both up. The Vice Chair of the KPMG has suggested that these improvements may be in light of the clarity of the election outcome.
Staff availability continues to fall, driving skills shortages and slight increases in permanent salaries. However, the pace of this reduction in staff availability is the softest it has been in 3 months, giving a positive outlook for January’s figure.
Businesses view 2020 as an economically challenging time for the UK which may be reflected in greater certainty that the UK will leave Europe in the coming months following the election result. Outlook is still good, however, with 92% of businesses expecting similar or improved performance in 2020.
Cathedral Appointments Viewpoint
We experienced a fairly busy December and agree that the election result seemed to help both job seekers and employers make decisions. January has started positively for us with a good amount of new vacancies being created across the region. There are however not as many skilled job seekers applying for these vacancies in comparison to previous years, but this should change as we get deeper into the month