{"id":1118,"date":"2018-02-08T11:06:24","date_gmt":"2018-02-08T11:06:24","guid":{"rendered":"http:\/\/www.recruitment-connection.co.uk\/?p=1118"},"modified":"2018-02-08T11:12:44","modified_gmt":"2018-02-08T11:12:44","slug":"market-update-salary-inflation-hits-31-month-record","status":"publish","type":"post","link":"https:\/\/www.recruitment-connection.co.uk\/index.php\/2018\/02\/market-update-salary-inflation-hits-31-month-record\/","title":{"rendered":"Market update: Salary inflation hits 31 month record!"},"content":{"rendered":"

\"\"<\/a><\/h1>\n

Key Points<\/span><\/h3>\n
    \n
  • Strong rise in recruitment<\/li>\n
  • Starting salary inflation hits 31-month record alongside lack of candidate availability;<\/li>\n
  • Growth of demand for candidates declines slightly but still remains high.<\/li>\n<\/ul>\n

    Sharp Increase in Permanent Placements<\/strong><\/span><\/h3>\n

    Permanent placements have continued to rise each month for the past year-and-a-half. This growth has been linked to a greater demand for staff, although some panellists suggest that improved decision-making has also been a factor.<\/p>\n

    Increase in vacancies:<\/span><\/h3>\n

    Overall demand has continued to rise in January.<\/p>\n

    Availability of Permanent Staff:<\/span><\/h3>\n

    The number of available permanent candidates has continued to deteriorate in 2018. Key permanent staff skills reported in short supply includes paraplanners.<\/p>\n

    Higher Starting Salary Inflation:<\/span><\/h3>\n

    Starting salaries for successful permanent candidates has increased at the fastest pace for over two-and-a-half years.<\/p>\n

    UK Unemployment Rate in Context:<\/span><\/h3>\n

    The UK employment rate is at a four-decade low of 4.3% which is below the EU jobless rate of 7.3%. The jobless rates are higher in Austria (5.4%) and the Netherlands (4.4%), but lower in the US (4.1%), Germany (3.6%) and Japan (2.7%) in comparison to the UK.<\/p>\n

    \n","protected":false},"excerpt":{"rendered":"

    Key Points Strong rise in recruitment Starting salary inflation hits 31-month record alongside lack of candidate availability; Growth of demand for candidates declines slightly but still remains high. Sharp Increase in Permanent Placements Permanent placements have continued to rise each month for the past year-and-a-half. This growth has been linked to a greater demand for staff, although some panellists suggest that improved decision-making has also been a factor. Increase in vacancies: Overall demand has continued to rise in January. Availability of Permanent Staff: The number of available permanent candidates has continued to deteriorate in 2018. Key permanent staff skills reported… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"twitterCardType":"app","cardImageID":0,"cardImage":"","cardTitle":"","cardDesc":"","cardImageAlt":"","cardPlayer":"","cardPlayerWidth":0,"cardPlayerHeight":0,"cardPlayerStream":"","cardPlayerCodec":"","footnotes":""},"categories":[58,4,54,174,13],"tags":[29,60,46,42,53,76,82,84,92,5,41,87,49,24,20,102,23,39,103,19,33,21,48],"class_list":["post-1118","post","type-post","status-publish","format-standard","hentry","category-financial-services-news","category-job","category-recruitment","category-simon-bean","category-statistics","tag-candidate","tag-employees","tag-employers","tag-employment","tag-employment-market-news","tag-fca","tag-finance","tag-financial-services","tag-financial-services-news","tag-financial-services-recruitment","tag-job","tag-job-market","tag-labour","tag-permanent","tag-placements","tag-recruitment-connection-ltd","tag-salaries","tag-salary","tag-simon-bean","tag-staff","tag-survey","tag-vacancies","tag-wages"],"_links":{"self":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=1118"}],"version-history":[{"count":3,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1118\/revisions"}],"predecessor-version":[{"id":1122,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/1118\/revisions\/1122"}],"wp:attachment":[{"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=1118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=1118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.recruitment-connection.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=1118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}