- Permanent placements rise at a sharper rate, but growth remains slower than UK trend
- Contract billings increase at fastest pace in eight months
- Stronger contractions in both permanent and contract candidate availability
Permanent placements growth pick up to three-month high
The amount of staff placed in permanent positions in London increased for the twenty-second consecutive month in March. The rate of expansion accelerated to the sharpest since December 2014, although remained weaker than the UK average. Higher activity levels experienced by companies was cited as the main reason for this.
Contract billings rise at fastest pace since last July
Contract billings growth in the capital picked up to an eight-month high in March. Moreover, the pace of increase was marked and stronger than the UK-wide trend.
Marked reduction in permanent staff availability
Our consultants in the London office reported an ongoing contraction in permanent staff supply in March. The latest reduction was the twenty-second in as many months and the most marked since the end of 2014. Similarly, permanent candidate availability fell more quickly at the UK level, with the rate of decline broadly in line with that seen in the capital.
Contractor supply continues to fall sharply
Contractor supply in London also fell at the quickest rate in three months during March. The pave of reduction was sharp and in line with the UK-wide trend. The availability of short-term staff has now declined for 20 consecutive months.
Despite remaining marked overall, permanent salary growth in the capital eased for the second month running in March. Moreover, the latest increase was the slowest among the four UK regions. Clients are reporting that salaries had increased in order to attract candidates who had received multiple job offers.
Contract pay rates
Contractor pay inflation was also evident in March, extending the current sequence of growth to 25 months. Although solid, the rate of increased slowed since February and was below the UK economy average, mirroring the trend observed for permanent wages.
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.