The REC’s latest Report on Jobs, which we reported on yesterday, was the first to include a regional breakdown of opportunities; it suggests that London could be poised to seek out more highly skilled PAYE umbrella contractors.
The reason? London was the only region in the UK to show a fall in permanent vacancies. Tom Hadley, the REC’s Director of Policy and Professional Services, said:
“There are positive signs for the jobs market across most regions, with a significant upturn in permanent placements. Private sector employers are becoming more confident, which should result in hiring activity accelerating further in the second part of the year. The temporary market is essentially flat but continues to provide an important outlet for employers and job-seekers.”
“The one area where an increase in permanent placements was not apparent was London. This may in part be due in part to the fact that a high percentage of businesses in the capital operate in sectors that have been hard hit such as financial services and hotel & catering. We will continue to track regional variations over the coming months and have welcomed recent messages from Government about employment initiatives needing to be more reflective of local labour market needs and trends.”
In remarks that will hearten London-based contractors working through umbrella companies, the organisation’s Regional Director for London, Jes Ladva, added: “What we are seeing on the ground is a jobs market where ‘quality’ is telling’, ie candidates with the right skills and competencies are in high demand. We are also seeing employers making use of flexible staffing arrangements such as temporary and contract work to bring in the right skills.”