Key points
- Permanent placements growth accelerates to eight-month high
- Growth of demand for permanent staff eases to weakest in nearly two years
- Marked reductions in supply of both permanent and contract workers
Staff Appointments
Strongest expansion in permanent placements since last August
Our IT consultants in London continued to see a growth of permanent placements in April, extending the current sequence which began in June 2013. Moreover, the rate of expansion was the sharpest among the UK regions, having accelerated since March to an eight-month high.
Contract billings rise more slowly
In contrast, contract billings in the capital increased at the slowest rate since the end of last year in April. The slowdown in growth mirrored the trend observed at the UK level, with the latest expansion broadly in line with the national average.
Staff Availability
Permanent staff supply continues to fall sharply
The supply of permanent workers in London declined for the twenty-third consecutive month in April. The rate of contraction was little-changed from the prior month and marked overall. Across the UK as a whole, permanent staff availability fell at a similarly strong pace.
Contract supply declines at weakest rate in eight months
The availability of candidates for contract vacancies in the capital continued to fall in April, thereby making a 21-month period of contraction. That said, the rate of decline eased to and eight-month low and was slower than the UK-wide trend for the first time since last September.
Remuneration
Permanent salaries
Permanent salary growth in the capital picked up to a three-month high in April, the great competition for candidates being cited as the main reason. That said, the latest increase was the lease marked among the four English regions.
Contract pay rates
Meanwhile, contract rates rose for the twenty-sixth month running in April, albeit at the slowest pace since January. Despite remaining strong in the context of historical data, the rate of inflation was weaker than seen elsewhere in the UK.
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 16 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 and HR recruitment needs, call and speak to one of our specialist consultants today on 0845 124 9555.
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