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Venn Group Contract Recruitment Index

May 2015

“Monitoring contractor demand across the North West”

Job availability in the North West up by 10%

Contract Recruitment Index highlights
• There was a 10% increase in jobs month-on-month
• Lucrative financial services sector booms as growth continues
• Manchester established as an office hot-spot for businesses
• Contractors benefit from month-on-month rate rise

Regional demand for professional talent on the rise
The May 2015 North West Recruitment Index recorded a 10% month-on-month increase in job availability with 3,300 vacancies advertised, compared to 3,013 in March 2015.
Stan Murray Hession, Associate Director of Venn Group, commented:

“Despite trends we have seen across other regions of stunted hiring activity in the run up to the election, the North West has demonstrated growth since our last Index in April. The financial services sector is currently booming, with senior level professionals particularly in demand and, as a result, rates have been pushed up across the region. For example, compliance managers in the North West can expect to earn an average of £316 per day, higher than the typical day rate for other positions in the region.”
Contractors’ rates rise as sector growth remains strong
The average rate for those securing jobs in April 2015 has risen since our last index, with contractors now receiving an average of £279 per day across the region.

Stan Murray Hession continued:

“In other good news for the North West, reports suggest that Manchester is Britain’s busiest office market outside of London. Organisations looking to set roots in the UK, or even to broaden domestic practices, are looking to the North for solutions. With all the business that the region is hosting, much is being poured into the local economy, and plans to expand and construct even more buildings for businesses looking to relocate are already taking off. With this in mind, the future looks very bright for the North West.”

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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