Langley James IT Recruitment Market Review – July: London
- Fastest rise in permanent appointments since March 2010
- Pay growth remains strong…
- …driven by strengthening demand and rapidly deteriorating candidate availability
Growth of permanent placements accelerates sharply
July saw growth of permanent placements in the capital accelerate sharply, with the respective seasonally adjusted index climbing for the second month in a row to its highest level since March 2010.
Faster increase in contract billings
Similar to the trend in permanent placements, billing received from the employment of contract staff increased at a faster rate in July, the sharpest in five months. Growth in London also outstripped that seen at the UK level.
Rapid drop in permanent candidate numbers
The number of candidates available for permanent jobs in London fell at the fastest rate for more than 16-and-a-half years in July. This latest contraction in permanent candidate numbers extended the current sequence of decline to 14 months.
Contract candidate supply falls at record pace
July pointed to another record decrease in contract candidate supply, the third in as many months. The rate of decline on contract candidate availability has accelerated throughout the past five months, and in July remained faster than that recorded at the UK level.
Growth of permanent starting salaries in London remained strong during July, having eased only slightly from June’s recent peak. The rate at which starting salaries in the capital increased was broadly in line with that seen across the UK as a whole.
Contract pay rates
Growth in pay rates for contract staff remained appreciably slower than that of permanent staff starting salaries in July and was also down on the pace of increased observed one month earlier. Moreover, London saw a rise in contract pay rates that was below the UK 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.