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Cavill Robinson feed into the Report on Jobs each month, which is created by KPMG and the REC from information collated from over 400 agencies nationwide. It is clear from the latest one that the political shenanigans over Brexit are starting to bite in the jobs market with the quickest drop in permanent placements in three years. James Stewart, Vice Chair of KPMG says of the latest figures:
"Brexit uncertainty continues to take its toll on the jobs market, evident by the quickest drop in permanent placements in over three years as employers delay hiring staff. Given the current climate, it’s not a surprise but is still a concern to see that the demand for staff increased at the slowest rate since 2012 – and that people are reluctant to seek new roles. On the plus side however, the latest decline in staff supply was the least marked for over two and a half years amid greater competition, softening the pressures on pay.Looking ahead and with investment also contracting, businesses desperately need clarity on Brexit outcomes in order to re-build confidence in the jobs market and be able to make more informed decisions on their long-term hiring plans.”
Jeanette Robinson, Cavill Robinson's Managing Director, comments:
"It is interesting that the report states that permanent placements have fallen whereas the demand for staff is still increasing albeit more slowly than at any time since 2012. In our experience at Cavill Robinson, companies are struggling to find staff to fill vacancies and we think that staff are staying put whilst the uncertainty around Brexit continues. It is difficult to read where the market will go in the next few months but in the Cambridgeshire marketplace there is still a strong demand for good finance staff and so I would urge anyone thinking of moving jobs, not to delay as September to Christmas is the busiest time of the year for recruitment as a general rule. "