Legal Recruitment from Ten-Percent Legal

Wednesday, April 07, 2010

KPMG and REC Report on Jobs March 2010 - fastest rise in permanent placement for over 12 years

Key points from March survey:
Strongest growth of permanent placements since October 1997.
Temporary/contract staff billings rose at sharpest rate for thirty-four months.
Growth of vacancies eased but remained marked.
Further rise in candidate availability.
Wages and salaries increased again.

This is one of the most positive reports on the recruitment industry for some time, although it has to be said that the strongest growth bit is a little bit of a red herring as the market has been stunted for so long it wouldnt be hard for it to expand rapidly!

The main findings for March are:

Permanent placements rose at fastest pace for over twelve years...
The number of permanent staff appointments made by UK recruitment consultancies increased again in March, with growth picking up to the strongest since October 1997. Higher placements were underpinned by a further expansion of permanent staff vacancies, albeit the slowest in three months.

...while temp billings also increased at sharper rate
Growth of short-term staff appointments quickened to the strongest for thirty-four months in March. Billings were driven higher by the fastest increase in demand for temp staff since January 2008.

Candidate availability rose further
Recruitment consultants signalled another improvement in the availability of staff during March. The supply of both permanent and temporary/contract candidates increased at slightly faster rates compared with one month previously.

Increase in pay reported
Salaries awarded to successful candidates placed in permanent positions rose again in March. The rate of inflation was solid, despite easing slightly from February’s twenty-month high. Hourly rates of pay for staff in temporary/contract employment increased at a pace that, although modest, was the sharpest since June 2008.

Jonathan Fagan
Ten-Percent Legal Recruitment Consultants

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