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Venn Group Contract Recruitment Index

March 2015

“Monitoring contractor demand across the South West”

Job availability across the South West dips amid election uncertainty

Contract Recruitment Index highlights

• There was a 21% decrease in jobs month-on-month
• Increase in public sector providers using shared service centres
• Public and private sectors demand for Digital IT contractors grows
• Rates increase by 8% across region month-on-month

Overall decline in job vacancies due to election uncertainty

The February 2015 South West Recruitment Index recorded a 21% month-on-month downturn in job availability with 1,325 vacancies advertised, compared to 1,675 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.

Sundeep Bakshi, Director of Venn Group, commented:

“Despite the overall dip in employment activity, the South West has long been known as a major force in the UK’s digital arena and February was no different. With evidence in the region’s private sector of heavy investment into systems upgrades and increased storage capacity, the demand for Digital IT contractors - particularly Digital Consultants and Business Analysts - remains high.”

Contractors gain in remuneration stakes as a result of increased demand

The average rate for those securing jobs in February 2015 was 8% higher than those recorded in January 2015, with contractors now receiving an average of £214 per day across the region.

Sundeep Bakshi continued:

“The decline in job vacancies is disappointing, but typical of pre-election employment trends. However, it is not all bad news for the South West. Within the public sector, there has been a shift towards public sector providers – such as education, the police and the NHS – taking advantage of shared services centres to manage some of the financial aspects of their organisations. Whilst these shifts happen, there are huge interim requirements in all sectors, such as the merging of payrolls to include up to 20,000 staff members.

We have also seen a rise in IT positions within the NHS as it continues to develop and maintain improving healthcare technology systems.”

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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