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Contract vacancies stablise, permanent increase
by Susie Hughes at 10:18 02/06/14 (News on Business)
There is evidence of impressive growth rates across the entire professional job market, as contractor positions and permanent placements show a marked increase.
However, the figures from agency group, APSCo reveal that permanent hiring is now overtaking contract positions, as organisations increase their permanent headcount at their fastest rate since before the recession.

Vacancies across the engineering and financial services sector, for example, have soared over the past year (33 per cent and 38 per cent respectively). APSCo suggests that the resurgence across the permanent market is indicative of employers investing in long-term talent to drive business growth.

Meanwhile, contract vacancies have begun to stabilise, rising by 10 per cent.

  • Permanent placements by recruitment firms up 29 per cent year-on-year while vacancies increase by 14 per cent
  • Finance sector leads the way, up 38 per cent
  • Recruitment firms make 10 per cent more temporary and contract placements and report 7 per cent rise in vacancies with finance and marketing showing the strongest growth
  • Salaries in some professional sectors, such as telecommunications and banking, now nine per cent higher than a year ago

Permanent placements have seen particularly strong growth in sectors such as accounting and finance. This mirrors plans by the Big Four accounting firms to substantially increase their graduate level recruitment this year with KPMG and PwC, for example, both planning to hire 30 per cent more candidates than last year.

Candidates across the professional employment market are also capitalising on increased business confidence with salaries rising by over nine per cent year-on-year in some sectors such as telecommunications and banking.

Ann Swain, Chief Executive of APSCo said: “The latest GDP results, coupled with our monthly data showing impressive growth across all professional sectors, makes me confident that the remainder of 2014 will be prosperous for employers and employees alike.

"Despite this, however, organisations do need to plan ahead to ensure they have the right talent on board to fuel growth in the coming months. Effective talent attraction and retention strategies will be fundamental as we progress throughout the year.”

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Susie Hughes © Shout99 2014

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