Langley James IT Recruitment Market Review – August: London
- Growth in permanent placements remains close to July’s 52-month high
- London pay growth slower than UK average
- Further sharp deterioration in the capital’s candidate availability
Strong growth in permanent placements maintained
A further sharp rise in the number of permanent staff placements in London, with the rate of growth little-changed from July’s 52-month high. Growth in the capital also outstripped the UK average for the first time since March.
Upturn in contract billings continues
Billings received from the employment of contract staff also increased in August, extending the current sequence of expansion to 16 months – the longest continuous upturn for over six-and-a-half years. The degree to which billings rose was robust, albeit less marked than July’s recent peak.
Further sharp decline in permanent staff availability
August saw a further sharp deterioration in the availability of candidates for permanent vacancies in London. Albeit slower than July’s near record, the rate of decline in permanent staff availability remained among the fastest since the survey’s inception in 1998.
Slower decrease in contract candidate supply
After three successive record contractions in contract availability, the rate of decline eased in August.
Another recorded rise in permanent starting salaries in August, continuing the trend observed every month since June 2013. However, the rate of growth eased for the second month running to the slowest since January, and was below that seen across the UK as a whole.
Contract pay rates
As was the case with permanent starting salaries, the rate of growth in contract pay rates eased further from June’s recent high, reaching the slowest in five months. Also echoing the trend in permanent salaries, contract pay inflation in the capital was slower than across the UK on 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 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 in fulfilling their IT recruitment needs, call and speak to one of our specialist consultants today on 0845 124 9555.