Umbrella Company Employees contracting north of the border have seen demand for their services grow at the fastest pace since September 2007, as appointments for both permanent and temporary/contracting staff rose sharply, the latest Bank of Scotland Report on Jobs reveals.
The report’s Labour Market Barometer, a composite indicator giving a numerical snapshot of Scottish labour market conditions, reached 63.2 in November – the second highest level it has hit since the survey began almost 11 years ago in January 2003. The Barometer score for Scotland, in fact, outperformed that for the UK as a whole.
The Bank of Scotland’s chief economist, Donald MacRae, said: “November’s Barometer reached its second highest level since the survey began in January 2003. The number of people appointed to both permanent and temporary jobs rose in the month, while the number of vacancies available rose sharply. Permanent vacancies rose at the fastest pace for over six years since before the recession. Employers are demonstrating their growing confidence in the continuation of the recovery in the Scottish economy.”
Billings for temporary/contracting roles through Scottish recruitment agencies rose at the strongest pace in three years, with the most spectacular growth being evidenced in Glasgow; Edinburgh emerged as the employment hotspot for permanent candidates. This was accompanied by a marked decrease in candidate availability for these posts; however, the decline was less pronounced than in the previous month, which marked a nine-year low.
Demand for IT contractors remained robust, coming in third out of the eight sectors monitored by the survey.