UK job vacancies hit fastest growth rate in 15 years

The growth in UK job vacancies managed to record its fastest rate in 15 years this November, according to a report produced by the research firm Markit on behalf of the body that represents recruitment firms.

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The report, sponsored by the Recruitment and Employment Confederation, uses data gathered from 400 recruitment firms for compiling a very comprehensive job vacancies index. Figures published in this report revealed that the index rose to the highest level since July 1998, but also showed that growth in salaries for permanent staff was the highest in six years.

Although demand for staff is high, the availability of candidates to fill permanent and temporary posts fell in November, as Bernard Brown, partner and head of business services at KPMG, one of the report’s sponsors, explains: “It may be that people are still worried about job security but it is more likely that we are seeing a return of the traditional winter slowdown in recruitment as staff are more focused on Christmas than careers.”

It’s also quite interesting to note that a separate report published by accounting company BDO revealed that business confidence grew in October for the tenth consecutive month, mostly due to the fact that growth in the first half of next year is likely to be “robust”.

Since the economic prospects are improving and companies are starting to take up additional staff, the need to implement some very solid and reliable workforce management and optimization solutions also becomes more dire, and this is specifically where Tensor plc can put its extensive experience to very good use.

We supply a full range of solutions designed specifically to streamline workforce and skill management within companies of any sizes. Our WinHR suite enables managers to save and easily access a wide array of data pertaining to each of their employees, thus allowing them to better use the available resources and skill ranges at any given moment.

Moreover, Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.

If you’d like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.

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