Staff Appointments
Looking at the number of people placed in permanent jobs each month, and the revenue received from people in temporary or contract positions:
March sees a further reduction in permanent placements:
Permanent staff appointments in the UK continued to fall in March. This was highlighted by the seasonally adjusted
Permanent Placements Index. Moreover, the rate of contraction was again marked, and the steepest seen since last November. Panellists noted a drop in the number of available positions, amid recruitment freezes at companies due to an uncertain economic outlook. That said, there were several reports of shortages in the number of suitable candidates to fill positions. There were reductions in the number of permanent placements across all four monitored English regions in the latest survey period. The sharpest contraction was recorded in the South of England.
Temp billings in steepest contraction since July 2020:
March data revealed a further contraction in temp billings. Overall, it was the fifth successive month in which a reduction in billings from the employment of short-term staff has been registered, and the latest fall was also the most marked since July 2020. Amid evidence of budget restrictions at clients, panellists reported a lack of demand for temp workers. The downturn in temporary billings was common across all four English regions, with the steepest decline recorded for London.