job market wage inflation

Wage inflation persists in the job market

Staff placements and temp billings continue to rise in the job market as unemployment rates fall to 4.0%. Reported by the Office for National Statistics (ONS) the UK unemployment rate is now at it’s lowest since 1975. Naturally, the reduction in unemployment levels corresponds with strong hiring growth. Though the ongoing decline in candidate shortages…

IT contractors in more demand than ever

A summer of opportunity: IT contractors in more demand than ever

The latest REC/IHS Markit’s Report on Jobs revealed some very promising news for contractors, particularly for those in the IT and computing sector. Research revealed that the slight softening of demand for contractors in June was an anomaly, as a surge in demand was spotted once again in July.   Demand for IT contractors In…

IT communities

Which locations are reported to have the highest demand in IT contractors?

Across most sectors, there has been a significant rise in demand for contractors. According to the REC’s Report on Jobs, the top 3 sectors with a high demand for contractors were the Blue Collar, Engineering and IT divisions. IT contractors have had even more good news, with the growth in demand hitting a 9-month high…

contractor billings increase job market update

Contractor billings hit 5-month high despite severe staff shortages

The overall UK employment rate hit a record high this May with 75.6% of UK residents now in employment. According to the REC/IHS Markit’s Report on Jobs, these encouraging figures were reinforced by the 71.2% of women in employment, which is the highest percentage reported since records began. Equally, it was revealed 80% of men…

contractor pay rates inflation

Contractor pay rates see sharp inflation

Across the UK, contractors and temporary staff are receiving notably higher pay rates. The REC disclosed that the steepest inflation in contractor pay rates recorded was in London. However, across the board, wages were continuing to rise, extending this trend to 62 months.   Contractor pay rates accelerating at an exceptional rate REC director of…