- Modest increase in permanent placements contrasts with sharp rise in contract billings
- Decline in candidate availability intensifies
- Average starting salaries continue to increase
Permanent placements rise modestly
The number of people placed in permanent positions in the capital rose for the sixth successive month during April. That said, the rate of growth eased from March and was modest overall. The expansion was also the least marked out of the five regions monitored by the survey.
Contract billings growth quickens
Our London office reported a ninth successive rise in contract billings during April. Moreover, the rate of increase accelerated to a one-year high and was marked overall. Only one other region – Scotland – saw a stronger expansion in contract billings in April.
Faster decline in permanent candidate availability for 17 months
Permanent candidate numbers in London fell during April, thereby continuing a trend that has been observed since June 2013. Furthermore, the rate of contraction accelerated from March and was the sharpest recorded since November 2015. Approximately 40% of recruitment companies recorded lower candidate numbers, compared to just 9% that noted a rise.
Accelerated fall in contract labour supply
The supply of contract staff in the capital fell for the forty-fifth time in as many months during April. Moreover, the rate of decline quickened from March and was the sharpest since December 2015. That said, the extent of the drop was the second weakest among the five regions (after Scotland).
Salaries awarded to newly-placed permanent starters rose in April, thereby extending the current period of expansion to 47 months. That said, the rate of inflation eased from the previous month and, though solid, was the weakest recorded out of the five surveyed regions.
Contract pay rates
In contrast, the average wages in London increased to a greater extend than in March. Furthermore, the rate of pay inflation was the most marked since January and strong than the series average.
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 recruitment services throughout the world and over the last 17 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 in fulfilling their IT & HR recruitment needs, call and speak to one of our specialist consultants today on 0845 124 9555.