Venn Group Contract Recruitment Index
βMonitoring contractor demand across the South Westβ
Job availability across the South West dips by 11%
Contract Recruitment Index highlights
β’ Overall vacancies fell 11% month-on-month
β’ Construction and engineering amongst the most lucrative sectors
β’ Retail and FMCG organisations benefitting from international economic growth
β’ Remuneration rates are consistent with April index
Job vacancies fall in the South West by 11%
The May 2015 South West Recruitment Index recorded an 11% month-on-month decline in job availability with 1,150 vacancies advertised, compared to 1,625 in March 2015.
Sundeep Bakshi, Associate Director of Venn Group, commented:
βThe slight dip we have seen this month in overall employment is indicative of firms being reluctant to hire in the weeks preceding the election. However, despite this, the region is boasting the highest employment rates in the country at the moment. This can be seen in many sectors, particularly construction and engineering which are currently buzzing with opportunities β many of them lucrative. The Index reveals that heads of procurement, for example, have been more than doubling the average regional rate with daily earnings of around Β£475.β
Contractorsβ remuneration rates stay consistent
The average rate for those securing jobs in April 2015 stayed the same as those recorded in March 2015, with contractors still receiving an average of Β£12 per hour across the region.
Sundeep Bakshi continued:
βAs retail and FMCG companies boomed in the last few months, there has been a sharp increase in demand for commercial analysts all over the region. And within the FMCG arena, we have seen heightened demand for candidates with a second language β particularly Russian or Ukrainian β due to growth in these countries.
βAlthough hiring activity slowed last month, we predict that now political stability has been restored, the South Westβs employment market will blossom as before.β
Notes to editors
Venn Group is the UKβs only specialist contract recruiter for organisations within the public and private sectors.
The Recruitment Index uses Venn Groupβs own weekly records of new contract job vacancies. Statistics for the report are derived using Venn Groupβs market share across each geographic region to ensure an accurate barometer of recruitment activity is recorded.
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