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Venn Group Contract Recruitment Index

July 2015

“Monitoring contractor demand across the North East”

Job availability rockets across the North East with a 29% rise

Contract Recruitment Index highlights
• 29% rise in vacancy levels month-on-month
• Private sector finance driving the boom in growth
• North East’s IT sector remains buoyant
• Rates dip slightly across the region

Overall numbers of job vacancies rise, with a 29% increase in June

The June 2015 North East Recruitment Index recorded a 29% month-on-month increase in job availability with 3,955 vacancies advertised, compared to 3,066 in May 2015.

Stan Murray Hession, Director of Venn Group, commented:

“The North East‘s finance market has been buzzing in recent months as vacancies emerged across a whole spectrum of industries. A large increase in credit control and purchase ledger clerk roles dominated much of the hiring activity, and confidence in the economy provoked growth in demand for professionals in construction firms and luxury sectors such as travel. However, financial recruitment across the public sector quietened down – particularly in the NHS – as end of year reporting finished and we advanced into the historically slower summer period.”

Contractors’ rates experience slight dip

The average rate for those securing jobs in June 2015 has fallen, with contractors now receiving an average of £211 per day across the region.

Stan Murray Hession continued:

“The legal market showed strong signs of growth, particularly within the property and childcare sectors. Demand for top quality candidates was huge, and professionals reaped the benefits of competitive rates – particularly contract locums who enjoyed an average of £35 per hour, almost twice the typical regional rate for contractors across the board.

“The IT sector remained consistently buoyant across the North East as announcements were made of a new Northern Institute for Technology and Business Exchange launching in 2017. This initiative will aim to create as many as 900 fresh jobs – including 200 apprenticeships – in 30 spin-out firms and change the livelihoods of 5,000 people. The North East’s booming tech sector is just one example of its healthy jobs market, and as the region continues to grow, it is establishing itself as an economic force to be reckoned with.”

ENDS

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