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Latest jobs report is good news for interims

16 September 2009

A new report reveals signs of recovery in the labour market, spelling good news for interim managers.

The August Report on Jobs, published by the Recruitment and Employment Confederation (REC) and KPMG received widespread national media coverage.

Kevin Green, REC Chief Executive, told BBC Radio 4's Today program that it seems that employers are becoming more confident in their hiring decisions.

The report signals a return to growth, albeit only marginal, of both permanent and temporary staff appointments during August.

It also found that candidate availability rose at weaker pace and permanent and temporary staff pay fell at slower rates.

This was the first growth of permanent appointments for 17 months and the first increase in temp billings since July 2008.

The rate of contraction of demand for staff eased further in August and the latest drop in overall vacancies was the weakest in just over a year.   

However, recruitment consultants reported another month of declining pay rates in August but the latest reductions in both permanent salaries and temporary/contract staff hourly wages were the slowest in ten months.

Green added that the stabilisation in the jobs environment must not be put at risk by the introduction of ill-designed regulation like the Agency Workers Directive.

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