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State of the jobs market, HRHuman Resources, Accounts...
Cavill Robinson are one of 400 agencies nationwide contributing to the Report on Jobs. Produced by the REC and KPMG, which gives a monthly update of the state of the jobs market. James Stewart, Vice Chair of KPMG comments on this month's job market as follows:
Brexit uncertainty continues to dampen the jobs market as companies kept their recruitment decisions
on hold in May. Permanent staff appointments fell at a slightly faster pace than in April, while subdued
confidence ensured that growth in temporary billings hit a six-year low.
“Of increasing concern is that uncertainty is feeding through to weaker growth in job vacancies, while
the supply of candidates fell sharply as people are becoming more risk averse with regards to switching
roles. Relatively muted trends for permanent staff vacancies were seen across the board, with retail,
construction and executive/professional hit particularly badly.
“We expect the labour market to remain in stalemate over the summer as the contest for a new Prime
Minister kicks off. Companies are unlikely to make any dramatic investment decisions until a new leader
is in place and have more insight on the future direction of Brexit.”
Neil Carberry, Chief Executive of the Recruitment &
Employment Confederation, said:
“The jobs market is still creating opportunities for those looking for work. With vacancies rising and
starting salaries going up sharply, it is worth people talking to recruiters about that next step in their
“Overall, though, the survey again shows what uncertainty does to hiring plans.."
Jeanette Robinson, Cavill Robinson's Managing Director adds:
"We must remember that this is a nationwide survey covering all aspects of recruitment. Our fee income this year has leapt by 61% so we are not seeing any Brexit slowdown in finance or in the local area. There are however severe shortages of quality candidates to fill vacancies. Often this is caused quite simply by companies paying below the market rate and not moving swiftly enough when they do see a good candidate. When we have vacancies paying a good salary and clients who move quickly, we usually fill the roles even in these difficult market conditions."