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Report on Jobs: Permanent staff appointments rise at record pace as pandemic restrictions ease further in May

09 June 21 | Sourced by

A further easing of COVID-19 restrictions and the reopening of more sectors of the economy spurred a marked increase in hiring activity in May, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by IHS Markit. Permanent staff appointments rose at a record pace, while temp billings growth was also historically sharp. Demand for workers increased at the fastest rate for over 23 years.

At the same time, the deterioration in staff supply intensified, with overall candidate availability declining at the quickest rate since May 2017. Lower staff supply and rising vacancies led to further increases in starting pay, with both starting salaries and temp pay expanding at sharper rates than in Ap

The report is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.

Unprecedented increase in permanent placements as more parts of UK economy reopen

Improved market confidence amid a further reopening of the UK economy contributed to the sharpest increase in permanent placements in over 23-and-a-half years of data collection in May. Temp billings also rose rapidly, expanding at the quickest rate for more than six years.

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