Langley James IT Recruitment Market Review – September: London
- Slower, but still sharp, growth in permanent placements
- Pay inflation reaccelerates, with growth in temp rates at seven-year high
- Ongoing sharp deterioration in candidate availability
Permanent placements rise robustly in September
September data showed a sixteenth straight monthly increase in permanent staff placements in the capital, with the rate of growth remaining marked despite having eased to a three-month low.
Temp billings growth ticks up
Growth in billings received from the employment of temporary staff quickened slightly in September, from a nine-month low in August. Nevertheless, as was the case in the previous month, the rate of growth in the capital was below that recorded at the UK level.
Sharp decline in permanent candidate availability
Although easing for the second month in a row, the rate of deterioration in permanent candidate availability in the capital remained sharp and among the fastest seen over the series history.
Accelerated contraction in temp candidate supply
September saw a sharp deterioration in temporary candidate availability. That said, as was the case with the availability of permanent candidates, the rate of deterioration in temp availability in London was slightly slower than the UK-wide average.
The rate of growth of permanent starting salaries in London reaccelerated in September, having eased to a seven-month low previously.
Temp/contract pay rates
September’s survey showed the steepest increase in average hourly pay rates for temporary staff in seven years. The rate of increase in the capital was broadly in line with that recorded across the UK as a whole.
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.
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