- Permanent placements rise to greatest extent since May
- Labour supply continues to decline
- Permanent starting salary inflation remains weakest among UK regions
Permanent placements growth accelerates
The amount of candidates placed into permanent positions
in the capital increased to the greatest extent in six months
midway through the fourth quarter. Moreover, the rate of
increase was above the long-run series average and slightly
quicker than that seen for the UK as a whole.
Contract billings rise sharply
November data signalled a further rise in temporary billings
received by London recruitment consultants, the sixteenth in as
many months. The rate of expansion accelerated to its sharpest
for three months, but remained below the UK average.
Permanent candidate supply drops
The number of candidates available for permanent positions in London dropped again in November, thereby extending the current period of decline to four-and-a-half years. The rate of deterioration, however, was the weakest since January and softer than that seen across the UK as a whole.
Contract candidate numbers falls at faster rate
The availability of candidates for contract positions in the capital fell for the fifty-second successive month during November. Moreover, the rate of decrease was the most marked since December 2015 was the sharpest seen of all five monitored UK regions.
Salaries awarded to permanent starters in the capital increased in the latest survey period, thereby continuing a trend that has been evident since June 2013. The rate of inflation strengthened to a three-month high but remained the weakest seen of all five monitored UK regions.
Contract pay rates
Average hourly wages given to contract staff also rose during November, and stretched the current period of increase to 14 months. Although easing from the prior survey period, the rate of inflation remained sharper than the UK average, albeit only marginally.
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 Chester, we are now providing our recruitment services throughout the world and over the last 18 years have worked with some of the most respected companies.
During 2017 Langley James has reached some new highs with the opening of the new Chester Office, we recruited 6new members of staff to our team and through all their hard work we managed to double our turn over.
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 0207 788 6600.