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Temporary jobs market stable

Filed under: Risk Management — Stephanie on August 4, 2012

Recruitment has levelled out among temporary recruitment within the three core sectors: Commerce and Industry, Public Sector and Financial Services. This is positive news for those seeking temporary risk management jobs and other such positions, but the jobs market as a whole has some catching up to do.

UK employment levels remain largely influenced by an unstable financial climate but, by comparison, the temporary and interim market is performing well. The UK has seen a slight fall in unemployment in this year’s second quarter when compared to the first, and job vacancies have seen a four per cent decrease overall. This has been largely blamed on a sharp rise last quarter, which saw a 33 per cent overall increase together with the financial year’s end and the additional bank holidays. Recruitment levels remain 14 per cent more than the final quarter of last year.

Venn Group director, Robert Bowyer, told On Rec:

“Whilst there is no doubt that the employment market is experiencing turbulent times, in the second quarter of 2012 the temporary market appears to be faring very well.

“On the whole businesses are spending more on recruitment than last year as they increasing rely on contract staff in today’s economically unpredictable market in a bid to cut their permanent headcount costs.”

This has come from the only company in the UK focusing solely on contract and temporary staff to both public and private sector organisations, Venn Group. It has issued a quarterly report’s second edition, The Venn Index, which provides a summary of job vacancy levels as well as skills-in-demand and average salaries.

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