Graduates who are keen to make headway in their careers from the outset, may want to consider heading north, according to new figures.
The latest ‘Report on Jobs: North’, compiled by research group Markit for the Recruitment and Employment Confederation (REC) and KPMG, revealed that permanent placements in the region had grown at a rapid pace, continuing the upward trend seen over the last 15 months.
Temporary/contract vacancies in the North also saw a leap last month, according to the report, continuing the steady increase that has been seen in this area over the last two years.
As well as growing month-on-month, the rise in temporary/contract vacancies has also outpaced the UK-wide average.
In more good news for graduates, the research also revealed that pay offers in The Midlands were rising, offering further impetus for graduates to focus their job hunting efforts in this region.
Wage increases in the region accelerated at the fastest rate seen in the history of the survey last month, meaning that wage growth has continued for an impressive 29 months.
Kevin Green, REC Chief Executive, said: "The jobs market continues to go from strength to strength with a further increase in the number of people finding new jobs last month, and both starting salaries and hourly pay rates continuing to grow.”
"Almost a third of recruiters report they secured higher salaries for candidates they placed into permanent jobs in July, than for the equivalent roles in June."
Employers in search of skilled talent
Graduates, who are hoping to secure their perfect role, will also welcome the news that their skills are more in demand than ever. This comes as the report outlined a drop in the availability of people seeking permanent jobs last month.
Commenting on the skills shortage, Green continued: “The UK’s post-recession problem is skill and talent shortages. The economy is going to be constrained by this ongoing talent crisis if employers keep doing business as usual.”
Covid put a lot of things on the backburner for businesses – one of these things was graduate recruitment. If you want to recruit graduates this year but haven’t got round to it yet, it’s time to put the wheels in motion! Trends in the market suggest that organisations need to kick off their graduate […]
Author: Jonathan Evans, CEO, Discovery In a matter of weeks, our next tranche of graduates leave university for the last time with, what should be, the excited anticipation of entering the workforce and starting their careers, but this year it is very different. If the last few weeks have taught us anything it is to expect the […]
Poor retention High recruitment costs Skills gaps Stagnating business growth You need to recruit the right people to grow your business. Looking to the future, it is widely acknowledged that graduates are incredibly important in the workforce and it’s predicted that by 2020 50% of the UK workforce will be Millennials and 24% Generation Zers. […]