According to the Office for National Statistics (ONS), employment increased by 202,000 in the three months to March driving the employment rate to 73.5%. Average pay including bonuses was also up by 1.9% on an annual basis.
In response to the latest figures, Ann Swain Chief Executive at APSCo comments;
“The continued rise in employment levels, and associated positivity in the market, is almost tangible to those working within the recruitment profession. Indeed, our latest Professional Recruitment Trends Report found that permanent vacancies increased 20% in the year to March 2015, with contract vacancies also up 9%. Greater stability post-election and as the economy continues to show strong signs of vitality, I see no signs of this upward trend abating
Ann Swain continues;
“Needless to say, a healthy economy will always have a positive impact on remuneration as employers compete for talent. The ONS’s figures are in line with APSCo’s latest data, which revealed that that median salaries across the professional sectors that it represents were up by a robust 1.9% year-on-year. With inflation currently at 0%, wages are growing more rapidly in real terms than this raw data suggests. ”
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Notes to editors:
APSCo is the membership body that is dedicated to representing professional recruitment in the UK. It was formed to give all firms involved in the recruitment of professional talent who have a commitment to excellence, the specialist support and distinctive voice they need to be successful. It gives candidates and employers a trusted badge of quality whilst providing member firms with an innovative range of services designed for them by recruitment experts. These services, combined with its growing international profile, commitment to Corporate Social Responsibility and opportunities for professional networking give APSCo members a unique opportunity to develop their businesses and gain competitive advantage (http://www.apsco.org).
Professional Recruitment Trends is the only monthly publication providing original data and analysis on the professional staffing market. It is produced jointly by APSCo and Staffing Industry Analysts.
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