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Venn Group Contract Recruitment Index

March 2015

“Monitoring contractor demand across the Midlands”

Job availability across the Midlands dips amid election uncertainty

Contract Recruitment Index highlights
• There was a 2% decrease in jobs month-on-month
• Despite fall, NHS increases hiring for IT staff
• End of financial year causes boom in accountancy and HR roles
• Rates increase by 6% across region month-on-month

Overall decline in job vacancies due to election uncertainty

The February 2015 Midlands Recruitment Index recorded a 2% month-on-month downturn in job availability with 1,509 vacancies advertised, compared to 1,574 in January 2015. Uncertainty in the face of the upcoming election, heightened by the possibility of an in-out referendum on the UK’s EU membership if the Conservatives win, resulted in a dip in hiring activity.

Avtar Singh, Director of Venn Group, commented:

“Although there has been an overall dip in employment activity across the region, the end of the financial year has brought an increase in finance roles – particularly for Financial Accountants – within both the public and private sectors. Vacancies within payroll and tax are consistently high at this time of year with the usual yearly output of company tax, P60’s and P11D’s.

The region has also seen a consistent rise in the number of IT vacancies within the NHS as it works to maintain and improve current healthcare technology systems.”

Contractors gain in remuneration stakes as a result of increased demand

The average rate for those securing jobs in February 2015 was 6% higher than those recorded in January 2015, with contractors now receiving an average of £18 per hour across the region.

Avtar Singh continued:

“The decline in job vacancies is disappointing but typical of pre-election employment trends. However, it is not all bad news for the Midlands with the onset of George Osborne’s Long Term Economic Plan aiming to create 300,000 more jobs in the region by improving transport connections, investing in apprenticeships and focusing on developing industry outside of the city centres. This is massively beneficial to the region, not only for businesses already based here and those looking to secure premises in the Midlands area, but also for workers in the region whose average pay will be positively affected by the resulting economic boost.”

ENDS

Notes to editors

Venn Group is the UK’s only specialist contract recruiter for organisations within the public and private sectors.

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 01582790700 or 07760208532

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