Market Update – November 2015

The Recruiter has reported REC’s (Recruitment & Employment Federation) findings for October which state that “Permanent and Temporary job placements grew at their fastest pace since the summer” this combined with a fall in available candidates, means that the recruitment industry is currently a jobseekers market.

However The Recruiter has also stated that “Accounting/Financial remained the most sought-after category for permanent staff in October. This combined with the CIPD’s report, that the competitive nature of the financial sector is due to a skills shortage means that the financial sector remains a relative competitive market for recruitment.

The lack of available candidates per role with the correct skills set has meant that companies have had to look at alternative ways of recruiting. This includes “up-skilling existing staff (48%)” rather than attempting to look for those skills externally. They are also employing from overseas (23%) and “hiring more apprentices” (27%) according to a report published by the CIPD (Chartered Institute of Personnel and Development) earlier this month.

As we approach the winter months, recruitment usually begins to slow down until the New Year. However, Chilworth Partnership and Venture Recruitment Partners have been experiencing a rise in client requests for recruitment and the number of candidates looking for a new role which we believe will continue right through until December.