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“Monitoring contractor demand across the North East”

Job availability across the North East up 28%

Contract Recruitment Index highlights
• There was a 28% increase in jobs month-on-month
• Manufacturing driving boom in vacancies
• Falling oil price looks set to further drive production
• Contractors come out on top with 7% rate rises month-on-month

Manufacturing Industry fuels demand for professional talent

The January 2015 North East Recruitment Index registered a 28% month-on-month increase in job availability, with 2,300 vacancies, compared to 1,800 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 the region’s prolific manufacturing industry.

Stan Murray Hession, Associate Director of Venn Group, commented:

“Within manufacturing, we have experienced strong demand for senior level professionals to help manage the huge volume of production in the region. More than 1.5 million cars were made in the UK in 2014, with Sunderland’s Nissan factory leading the way by producing over half a million vehicles last year alone. This trend looks set to continue with companies such as pharma firm Rokshaw and technical design firm Vreo announcing plans to bring manufacturing back to the region. This boom in manufacturing has also had positive impact on recruitment levels within companies that supply the industry such as logistics and IT.”

Contractors gain in remuneration stakes as a result of increased demand

The average salary increase for those securing new jobs in January 2015 was 7%, with senior level contractors now demanding an average of £299 per day across the region.

Murray Hession continued:

“The dip in oil prices is now beginning to have a knock-on effect on UK businesses. The recent Markit/CIPS Purchasing Managers Survey has indicated that manufacturers’ purchasing costs are falling at the steepest rate since 2009, which should help support the longevity of job creation in the region.”
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 or 07760208532

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