Monday, November 29, 2021

Midlands hiring activity increases sharply in December

A sharp increase in hiring activity has been highlighted across the Midlands at the close of the fourth quarter of 2020.

Both permanent placements and temp billings rose markedly, amid reports that companies were filling vacancies following pandemic related hiring freezes. Meanwhile, candidate availability continued to improve, although the rate of increase for both permanent and short-term staff eased on the month.

Permanent starting salaries were broadly stable in December, while the rate of temp wage inflation was the quickest since February amid a rapid upturn in demand for short-term staff. This is according to a report is compiled by IHS Markit from responses to questionnaires sent to around 100 recruitment and employment consultancies in the Midlands.

Following a mild reduction in the previous survey period, the number of permanent staff appointments across the Midlands rose during December. Moreover, the rate of increase was elevated in the context of the series history and sharp. Companies were now filling vacancies following coronavirus disease 2019 (COVID-19) related hiring freezes, according to respondents.

Across the four monitored English regions, the Midlands registered the sharpest increase in permanent placements in December.

Kate Holt, People Consulting Partner at KPMG, said: “As anticipated, news of a vaccine has helped to boost business confidence across the Midlands, and this has had a knock-on effect on hiring. What’s encouraging to see, alongside the increase in demand for temp staff, is the rise in permanent job placements, which suggests that businesses are hiring with the long-term in mind.

“However, the recent lockdown is sure to fuel economic uncertainty, alongside preparing for the new relationship with the EU and this will be weighing on the minds of business leaders and recruiters. That being said, there is hope for businesses and jobseekers as financial support from government continues and the vaccine rollout progresses.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.