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Job market showing growth

Added: 2011-02-14 11:48:37.0

Amongst all the stories of cuts, redundancies and layoffs, there’s some good news when it comes to the job market. A report from the Recruitment and Employment Confederation (REC) and KPMG has shown that the number of permanent and temporary appointments in January grew at a faster rate than any time since mid 2010.

The report surveyed 400 recruitment consultancies and concluded that the rise in appointments was attributed to more jobs being made available in the private sector. It also found that average salaries for permanent staff had increased but that, interesting, pay for temporary staff had decreased.

Notably, the demand for Computing and IT staff had shown the most growth.

Whilst the statistics are good news for the job market after a difficult 2010, Bernard Brown, Partner and Head of business services at KPMG warned that “"With looming public sector job cuts, the VAT rise and slowing economic growth, the UK job market is likely to remain volatile over the coming months".

Whilst it seems that we’ve got yet more difficult times ahead, the fact that employer confidence in taking on staff appears to have risen is a positive sign. If the private sector is going to be expected to employ those who will be made redundant from the public sector, any signs of job market recovery now may bode well for the next 10 months.

Do you feel confident as a business owner in taking on more staff? Or do you think that the time is still not right to be employing more people in uncertain economic times? Let us know by commenting below.

The content of this blog is not legal advice and should not be relied on as such, or used instead of seeking legal advice.


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