The Recruitment and Employment Confederation (REC) along with KPMG, have released a report indicating an upward trend in job creation and, quite likely, an increase in pay.
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The report was compiled using data from over 400 job placement companies and has given a clear view into the current state of employment in the nation.
According to the report, job vacancies have reached a shocking 15 year high as the market continues to pick up. This is a promising sign that no one will be sad to hear, as many members of the population were facing difficulty finding appropriate employment.
Details From the Report
In addition job creation reaching a new high, the report suggests that salary increases are to be expected in the near future.
The private sector seems to be hiring more staff that the public sector at the moment, but it would seem that the public sector is in higher demand for medical staff.
Overall, the most in demand candidates are for positions as engineers, nursing, medical and long-term care.
The report also stated that there was a higher demand for employees for permanent positions, which have hit a 6 year high, and that job vacancies for temporary and contract staff has hit a 9 year low.
According to the CEO of REC, “We enter the new year with job vacancies increasing at the fastest pace in 15 years. The fact that our figures show starting salary growth hitting a six-year high, combined with continued skill and talent shortages, indicates that we can expect salaries to increase and job fluidity to accelerate into 2014. Report on Jobs show that all sectors, all regions and both the private and public sector are in growth, which is fantastic news for British businesses, the UK economy and people looking for work in 2014.”
Other Reports
Another report that was released by BDO this past Monday has shown that business confidence in the UK has increased in October for the 10th month in a row.
The report also indicated that the country will see great improvement throughout the first half of next year, and described the upcoming growth as “robust”.
A partner at the firm, Peter Hemington, has stated that although the nation has a number of issues to tackle in the long run, the government and the public seem to been to face them and that the future looks promising.
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