According to research by Association of Professional Staffing Companies (APSCo) professional recruitment firms now have 25 per cent more vacancies available compared with this time last year.
APSCo revealed that growth in the professional staffing market continued to climb. Permanent vacancies across Finance & Accounting, IT, Engineering, and Media & Marketing are all up year-on-year. Million new jobs have been created over the past year, significantly higher than the 265,000 estimated by the Office for Budget Responsibility.
Engineering and IT took the lead. Growth in IT is due to the booming ‘app economy’, creating a demand for developers and programmers, as well as the continuing threat cyber-attackers pose to businesses.
APSCo’s figures also revealed that median salaries across all professional sectors were up by 3.1 per cent year-on-year.
Ann Swain, Chief Executive of APSCo, commented: “As we approach the end of what has been an incredibly buoyant year for the professional staffing market,
It seems clear to me that there is just one real challenge ahead. And that is the very real harm that talent shortages could do to organisations.
It is not a new phenomenon that several sectors are already contending with a people crisis and unless businesses reassess their talent attraction strategies soon future growth could be scuppered. And at a time when the generalist recruiter is being replaced by ‘multi niche consultancies’, employers will do well to build solid relationships with these players that not only have access to global talent pools, but can also source the hard to fill vacancies in house teams simply can’t do.”
Furthermore, Recruitment and Employment Confederation (REC) CEO Kevin Green has urged politicians to fix the current education system, cut down on regulation and stop threatening to curb the flow of skills into the country.
He explained how the education system is “obsessed with academic grades and exams”, instead of putting work experience back in the national curriculum and giving much needed careers advice.
Coupled with the demand for talent and the current skills crisis in the UK, organisations need to be more innovative in the way they attract the talent they need.
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