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August 2014 saw the great rise in contractor vacancies since May 1998. This has been brought on by a rise in recruitment across England. This means contractors may have to look beyond the capital for work as new hires in London’s finance sector dropped.
These are some of the findings from the latest (REC)/KPMG Report on Jobs which brings attention to the current skills shortage. This has caused more clients to look for contractors outside of London. While this may mean a bit more effort for them, the contractors will enjoy more competitive rates and a larger number of opportunities.
Kevin Green, the REC CEO, said: “The jobs market is often criticised for being London-centric but our data shows that rates of growth for both permanent starting salaries and temp pay rates are faster in the South, Midlands and North this month. Recruiters tell us that the driver behind this increase is the competition to attract and retain the skilled people outside London.”
A separate report, the Morgan McKinley London Employment Monitor, found that there’s been a fall in hiring and contractor availability in the capital, putting the blame on the “traditional summer slowdown’.
Currently there is a big demand for engineering and construction contractors, while the need for IT workers increased month-on-month. Green is positive about the future for those contracting, saying: “It’s more great news for people looking for work this month, as we see more people being placed into jobs across all regions and sectors including construction, IT and engineering.”
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