Langley James IT Recruitment Market Summary – January
Key points
- Growth of permanent and contract appointments eases but remains marked
- Vacancies rise at fastest pace since May 1998
- Permanent salary growth virtually unchanged from December’s six-year high
Further sharp rises in permanent and contract appointments
Permanent staff appointments continued to increase strongly in January. Although the pace of expansion eased from the 45 month high we recorded in December. Similarly, contract appointments rose at a rate only marginally slower than December’s 15 year peak.
Strongest growth of demand for staff since May 1998
Overall job vacancies rose at a sharp and accelerated rate in January. The pace of expansion was the fastest in over fifteen-and-a-half-years.
Permanent salaries continue to increase markedly…
The rate of growth of permanent staff salaries remained elevated at the start of 2014, holding at a pace broadly in line with December’s six year peak.
…amid declining availability of candidates.
Further falls in staff availability were signalled in January. Both permanent and contract candidate numbers declined at marked rates, albeit the slowest in three months.
Permanent IT staff skills in short supply – C++, Developers, General IT, Java, .Net, PHP, Project Managers, Support, Technical Consultants
IT Contractor staff skills in short supply – Business Intelligence, Developers, Java, .Net, Project Managers, SAP, Support, SQL.
Staff appointments
The number of people placed by Langley James increased further in January. Our IT Consultants reported a marked increase in permanent placements with the South of the UK showing the sharpest rise.
Having risen at the sharpest rate for over 15 years during December, our IT Consultants reported growth of contract placements eased marginally in January. We are seeing a trend of companies taking on contractors to undertake work whilst they look to secure a permanent candidate.
Vacancies
Data from the Office for National Statistics showed that job vacancies were up 15.2% on an annual basis in the three months to December.
Demand for staff by sector
Permanent staff – Growth of demand was broad-based across all key types of permanent staff with Engineering now in the top spot. IT & Computing holding onto fourth place.
Contract staff – Engineering also featured in top place for contract staff demand with IT & Computing falling to sixth place.
Staff Availability
The availability of permanent candidates continued to fall at the start of 2014, with a range of skill-sets reported as being in short supply.
The availability of contract staff fell for the seventh month running in January. Although marked, the latest drop was slower than those recorded in the previous two months.
Remuneration
Average starting salaries for IT candidates placed in permanent jobs increased further in January. Permanent salaries rose in all four regions, with the South posting the sharpest rate of inflation.
Day rates for contract employment continued to rise in January.
About Langley James
Langley James was founded in 1999 by James Toovey, a highly respected recruitment industry professional. James wanted to provide something unique: a bespoke recruitment service which was founded on service excellence. With offices in London and Manchester, we are now providing our ‘boutique style’ recruitment services throughout the world and over the last 15 years have worked with some of the most respected companies in the world.
To find out why so many companies turn to Langley James for support for fulfilling their IT recruitment needs, call and speak to one of our specialist consultants today on 0845 124 9555.
