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“Monitoring contractor demand across the Midlands”

Job availability across the Midlands up 39%

Contract Recruitment Index highlights
• There was a 39% increase in jobs month-on-month
• Manufacturing and engineering driving boom in vacancies
• Contractors come out on top with 6% rate rises month-on-month

Increase in manufacturing and engineering sectors
fuels demand for professional talent

The January 2015 Midlands Recruitment Index registered a 39% month-on-month increase in job availability, with 1,547 vacancies, compared to 1,110 recorded in December 2014. This surge in demand for professional talent – over a period which is traditionally impacted by seasonal hiring blips – can be largely attributed to booming manufacturing and engineering sectors across the region.

Avtar Singh, Associate Director of Venn Group, commented:

“It’s no secret that manufacturing and engineering are booming across the Midlands, and strength across these sectors has created extra demand for finance professionals to help manage this boost in production. There is currently a shortage of part qualified and qualified accountants to work in this area and, as a result, experienced candidates are being snapped up.

“We have also noted a rise in demand for qualified legal professionals to work across the Midlands. This trend can be attributed to a particularly healthy housing market , which is driving demand for residential conveyancing professionals.”

Contractors gain in remuneration stakes as a result of increased demand
The average salary increase for those securing new jobs in January 2015 was 6%, with professional contractors now demanding an average of £17 per hour across the region.

Singh continued:

“Continued investment in the region indicates that this recruitment activity shows no sign of abating. For example, work is underway to create an Advanced Manufacturing Hub in Aston - which is expected to create up to 3,000 jobs when completed.

Furthermore, the dip in oil prices is now beginning to have a knock-on effect on UK manufacturing. The recent Markit/CIPS Purchasing Managers Survey has indicated that purchasing costs are falling at their steepest rate since 2009, which should help support the longevity of job creation in the area.”

ENDS
Notes to editors
Venn Group is the UK’s only specialist contract recruiter for organisations within the public and private sector.
www.venngroup.com

Methodology

The Recruitment Index uses Venn Group’s own weekly records of new contract job vacancies. Statistics for the report are derived using Venn Group’s market share across each geographic region to ensure an accurate barometer of recruitment activity is recorded.

For further information please contact Stephanie King at BlueSky PR on 01582 790 7000

This press release was distributed by ResponseSource Press Release Wire on behalf of BlueSky Public Relations Ltd in the following categories: Business & Finance, Education & Human Resources, Manufacturing, Engineering & Energy, for more information visit http://pressreleasewire.responsesource.com/about.