UK Recruitment Trends: July 2020
- Vacancies for professional permanent roles up 38% month on month
- Professional contract vacancies up 31% month on month
- Job interviews up 63% by the end of June
Job opportunities for the professional sector were up month on month in June, with permanent and contract vacancies increasing 38% and 31% respectively, marking the first positive signs for professional recruitment since the crisis began. That’s according to the latest monthly UK Recruitment Trends Snapshot report from The Association of Professional Staffing Companies (APSCo).
Gap in year on year hiring closing
The data, provided by growth analytics platform, cube19, also revealed that while year on year hiring is down 46% across permanent and 36% in contract, these figures represent a smaller annual decrease when compared to May when these figures stood at -66% and -56% respectively. The same trend has been noted in placement numbers which although down 59% for perm and 50% in contract year on year, are far better than figures reported in May, suggesting the UK jobs market is taking small steps towards recovery as lockdown measures ease.
Daily tracking shows an increase in interviews
This uptick in positivity can also be seen in the daily tracking data which revealed that by the end of June, interviews were up 63% compared with the beginning of the month, which is indicative of more employers seeking extra resources to meet a growing demand as businesses continue to reopen.
“The monthly increases across vacancies, placements and interviews are certainly encouraging for staffing companies as we finally begin to see glimmers of positivity in the UK market. However, the yearly comparisons, while down overall, indicate we are at last on a path to narrowing the hiring gap that Covid-19 created. With year on year vacancies and placements down less in June than we saw in May’s figures, all indicators point to the possibility that we are at last beginning to work our way out of this crisis slowly, but surely.”Ann Swain, CEO of APSCo
We can see some positive signs that the recovery is in motion. Vacancies, jobs and sales are all up from May, and it is encouraging to see that average perm salaries are continuing to increase. With more industries opening back up and lockdown easing, we hope to see this upward trend continue on the same trajectory. It will take some time to get back to pre-COVID levels, but there is a big opportunity for the recruitment industry during these times.Joe McGuire, Global Sales Director at cube19