At YEUK we think that by understanding the labour market young people can help make an informed choice about the qualifications or pathways they choose.
Young people should be asking themselves:
- Is the number of jobs available in the sector they are interested in increasing?
- Will those sectors still be recruiting when they qualify?
- Which sectors are recruiting?
- Where are the skills gaps?
The REC Labour Market Analysis offers up to date recruitment information to answer these questions.
The Recruitment and Employment Confederation (REC) is the professional body for the recruitment sector AND a supporter and member of YEUK.
The Report on Jobs is a monthly publication produced by Markit and sponsored by the Recruitment and Employment Confederation and KPMG LLP.
Key points from the summery
- Permanent placements rise at fastest pace in four months
- Temp billings increase at sharpest rate since last September
- Salary growth remains marked
Kevin Green, REC chief executive says:
Recruiters are reporting talent shortages across the economy as businesses expand in response to increasing demand.
“This is a major challenge for employers, however those seeking work are feeling the benefit. A third of recruiters say that starting salaries for permanent jobs are increasing as competition for skilled staff drives up pay.
“The question now is about sustainability. Skills shortages are threatening economic growth so politicians need to help business address this issue by equipping jobseekers with the skills that businesses require and ensuring employers can access the skilled workers they need from abroad.”
He added,
“This month’s report again highlights skill shortages in engineering and construction, which threaten to delay major infrastructure projects such as HS2 and new housebuilding initiatives.
“Candidates for marketing and customer service roles are now also becoming hard to fill. Demand for these roles is a sign that businesses are responding to increasing consumer and business confidence.”
| Sectors recruiting the highest number of permanent staff | Sectors recruiting the highest number of temporary staff |
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Key permanent staff skills reported in short supply:
Accountancy/Financial: Credit Control, Finance.
Blue Collar: Drivers.
Construction: Building Services,Quantity Surveyors.
Engineering: Engineers.
Executive/Professional: Executives, Marketing, Media, Legal.
IT/Computing: BPM, Cyber Security, Games, Java, .Net,
SharePoint, SQL Server.
Secretarial/Clerical: Admin.
Other: Customer Services, Languages, Sales, Traffic Consultants
