this rather bleak picture is tempered by the fact that the number of professionals being placed in temporary assignments is still rising
EMBARGO - FOR PUBLICATION ON MONDAY 11TH FEB
PROFESSIONAL JOBS MARKET - SHARP FALLS IN VACANCIES AS UNCERTAINTY CONTINUES
• Permanent roles down by over 8%
• Temporary vacancies fall by over 7%
Despite encouraging employment figures from the ONS, the downward trend in professional vacancies is continuing with the latest data from The Association of Professional Staffing Companies (APSCo) revealing an average year on year fall ( to December 2012) of almost 8% across permanent and temporary vacancies. The IT sector suffered the biggest drop with year on year vacancies falling by over 12%.
APSCo says that this rather bleak picture is tempered by the fact that the number of professionals being placed in temporary assignments is still rising – the data shows a jump of 4.5 % year on year with the most notable increases evident in Marketing & Media ( 9%) and IT (6.5%).
This sector specific rise in temporary placements directly correlates with the drop in permanent placements suggesting that in the IT sector, organisations are tapping into talent pools as and when they need them to resource finite projects. The media and marketing sector however is a different story. While the number of people being placed into permanent roles has fallen significantly, vacancies are still rising suggesting a marked skills shortage which is being plugged by the use of temporary staff.
Ann Swain, Chief Executive of APSCo says: “Employers still haven’t got the confidence to invest in permanent hires against this backdrop of on-going uncertainty. However recent data from the PMI Index has revealed that the services sector, which accounts for more than three quarters of economic output, has returned to growth. This, coupled with other positive economic indicators in recent weeks makes me bullish about the first quarter of 2013 from a hiring perspective.”
The trends report also found that average salaries declined on a year by year basis within the professional sectors of engineering, IT, and financial services but remained relatively stable in sales and marketing.
Notes To Editors:
The Monthly Trends Report
The Monthly Trends report provides a unique regular update on trends in the professional staffing market. It is produced by Staffing Industry Analysts on behalf of APSCo and the full report is made available to APSCo members as well as to Staffing Industry Analysts research subscribers.
The Monthly Trends report includes information on vacancies and placements for both temporary and permanent recruitment, gross margin trends, staffing penetration rates, relevant economic data as well as a comprehensive analysis of online recruitment activity supplied by Innovantage. The additional data on salaries is compiled by Broadbean.
The Association of Professional Staffing Companies (APSCo) was created on January 1st 2009 following the decision of the Association of Technology Staffing Companies (ATSCo) to admit members from other professional staffing sectors outside IT and engineering.
By supporting and promoting excellence within the Professional Staffing Industry, APSCo provides client organisations, candidates and Government, with a recognised stamp of quality assurance, and affords members’ business intelligence, solidarity and a clear commercial advantage.
Members of APSCo have a total turnover of about £6bn.
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