While vacancies in the UK may be declining, the latest data from the Association of Professional Staffing Companies (APSCo) suggest this is more likely driven by skills shortages than a reduced demand.
The data - provided by the global leader in software for the staffing industry, Bullhorn – revealed that while new vacancies are dropping – with permanent roles down 43% last month on pre-Covid levels recorded in November 2019 – placements are growing.
Since November 2019, the number of people placed in a new job has increased 7%. Compared to 2018, placements are up 11%, with figures increasing 41% since November 2017. According to APSCo, this suggests that the decline in vacancies is demonstrative of firms taking longer to fill roles and reigning in new jobs as a result.
Ann Swain, Global CEO of APSCo comments:
“We’ve known for some time that the UK’s skills shortages were having a growing impact on recruitment and this latest data really does re-enforce this. There may be a slow-down in new jobs at the moment, but that doesn’t mean that the staffing market is grinding to a halt. In fact, what we are seeing at the moment is a delay in new roles being added while outstanding placements are filled, hence the uptick in permanent placements alongside new vacancy declines.
“It’s unlikely that we’ll see a solution to these skills shortages any time soon, so recruitment firms can head into the New Year reassured that demand for the services is still going to remain buoyant.”
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The Association of Professional Staffing Companies (APSCo) is the trade association for the professional recruitment market. APSCo Global comprises APSCo Asia, APSCo Australia, APSCo Deutschland and APSCo United Kingdom as well as APSCo OutSource, the trade body for the RPO and MSP sectors.
Find out more: www.apscouk.org
About the Recruitment Trends Snapshot
The Recruitment Trends Snapshot is based on data supplied by Bullhorn. Year-on-year increases compare December 2021 data with December 2022 data. Month-on-month figures compare December 2022 data with November 2022 data.
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