The outlook on jobs and salaries




It’s time to take a look at the latest data on the jobs market in the South of England from the KPMG report on Jobs. All data is up to and including July 2022.
 
A brief reminder of the key to these graphs. 50 is the baseline number for each of them. If something is at 50 it is neutral, signifying no growth (or decline).

The placements
Permanent placement growth slipped to a 17-month low in July, although still above that neutral threshold of 50. Yet, the rate of growth was the lowest since the current period of expansion began in March 2021. Rising activity levels at clients and strong demand for workers supported the latest rise in placements, but there were reports of weaker confidence towards the outlook weighing on growth.



Staff availability
July saw the softest drop in permanent staff supply for 15 months and has now declined in each of the last 17 months. That being said, the latest reduction was the softest since April 2021 and less than the pretty severe UK average. Reports from recruitment consultants across the South of England highlighted that people were becoming more hesitant to apply for new roles due to the greater economic uncertainty, which has undoubtedly exacerbated ongoing skills shortages.
 


Pay Pressures
July data revealed the softest rise in permanent starters’ pay for 11 months. Whilst the rise was soft, it is still significant. AS it has been for quite some time, candidate shortages and a string demand for staff continues to push salaries up.
 


Our thoughts
Commenting on the latest data, Jamie Harris, director at Enterprise Recruitment, said: “The trends we have seen over the last year or so are continuing. It’s basic supply and demand at play, coupled with the wider economic situation the UK finds itself in. A lack of candidates presents issues for employers and, if they do manage to find them, they are having to offer significant starting salaries.
 
Of course, that is where we come in. We have access to a large pool of talent and we always work with our clients to ensure they get the most value from their appointments. So, if you have roles to fill, we’d be only too happy to help you.

linkedin  twitter  facebook  

 

We use cookies to provide you with the best possible browsing experience on our website. You can find out more below.
Cookies are small text files that can be used by websites to make a user's experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
+Necessary
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
ResolutionUsed to ensure the correct version of the site is displayed to your device.
essential
SessionUsed to track your user session on our website.
essential
+Statistics
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Google AnalyticsGoogle Analytics is an analytics tool to measure website, app, digital and offline data to gain user insights.
Yes
No

More Details