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Engineers put their search for jobs on hold in August!
The Report on Jobs survey by Markit; for August reported that it was a moderately quiet month in the Engineering sector, with many opting, to put their search for a new job on hold until after the summer.
Demand for engineers fell from the previous month, from top spot down in the employment index to fourth, when considered against candidates in all sectors.
For Engineers key points of interest in the August report were:
Demand for staff continues to soften.
Whilst there remained a demand for engineers the growth in demand was down compared to July.
Although permanent hires across all employment sectors continued to rise in August, the rate of growth eased further, hitting a 27-month low. Similarly; temporary/contract staff hires increased but at the slowest pace since May 2013. Engineers in most demad were those in the Automotive and Rail sectors.
Permanent Staff
Starting salaries for permanent hires continued to rise in July; mainly as a result of candidate availability falling.
Temp/Contract Staff
Hourly rates of pay for temporary/contract engineers continued to grow but at the slowest rate for 16months.
Vacancy growth
This remained strong, despite easing to two-year low.
Commenting on the latest survey results, Bernard Brown, Partner at KPMG, said:
“There was no respite for recruiters in August, who were left struggling to fill vacancies after a vast swathe of Britain’s job seekers appeared to take the summer off. The number of people looking for a job fell at the sharpest rate seen for a year, leaving unfilled posts across the economy.
“Many candidates may have simply shelved their plans for the summer, believing their prospects to be stronger in September.
Acknowledgements:
The Report on Jobs is a monthly publication produced by Markit and sponsored by the REC (Recruitment and Employment Confederation) and KPMG LLP.
Copies of the report are available on annual subscription from Markit. Email: economics@markit.com