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Key points from the October UK Labour market

Key points from the October UK labour market:   Permanent appointments growth still strong in October. Pay growth moderates Staff availability continues to decline markedly.   Growth of staff appointments eases… Permanent staff placements continued to rise in October, extending the current period of expansion to 25 months. However, the rate of expansion was the slowest since November 2013. Similarly, temporary/contract staff billings increased for an eighteenth successive month,…

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Slower growth of both placements and salaries in September

Permanent placements rise at slowest rate in ten months. Growth in starting salaries moderates to four-month low. Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG, said: “Buoyancy is back in British businesses, with low and falling unemployment evident today and the promise of lower corporation tax rates, tomorrow. Combine the two and it would be easy to assume that the only…

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Employment law changes taking effect in October 2014

Employment law changes taking effect in October 2014 The following changes to employment law come into effect on 1 October 2014: 1.    The National Minimum Wage (Amendment) (No. 2) Regulations 2014 will increase the various national minimum wage (NMW) rates as follows: The adult rate for workers who are aged 21 and over will increase from £6.31 to £6.50 per hour. The youth development rate for 18 to 20 year…

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Vacancies Rise at Strongest Rate in Over 16 Years

Key points from the August survey:  Demand for staff increases at fastest pace since April 1998 Growth of staff appointments remains marked, despite easing Candidate shortages fuel strong pay growth. Growth of staff appointments eases but still marked… Permanent placements growth remained strong in August, although eased from the five-month high recorded in July. …supported by fastest rise in vacancies for over 16 years The number of available job…

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Recruitment in the UK rises at fastest rate in five months

Key points: Stronger growth of appointments Record decline in availability of candidates Starting salary growth close to June’s high The main market indicators for July are: Acceleration in growth of staff appointments… Greater numbers of people move into permanent and temporary roles during July, with rates of expansion accelerating to five- and seven-month highs respectively. …buoyed by strengthened demand from employers Latest data signaled that available job vacancies continued…

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