APSCo reports employers turning to temporary workers
APSCo’s Monthly Trends research was released last week. A noticeable trend from the report is that employers are turning to temporary workers to fill vacancies.
Employers turn to temporary workers to fill vacancies as double dip recession bites.
- Temporary placements up 7%, as permanent market falls 5%
- 9% slump in London’s recruitment sector
- Graduate salaries down 18%
According to the latest data from APSCo, temporary job placements across the UK rose by 7% in the last twelve months (year-on-year), while permanent placements fell 5% (y/y) over the same period.
APSCo’s latest jobs data provides a snapshot of the UK’s professional recruitment market, with analysis across all professional-level sectors from accountancy and legal, to banking, engineering, IT and marketing.
While professional-level vacancies continue to fall for both permanent and temporary workers, (down 30% and 19% respectively, year-on-year) actual professional-level placements are only increasing in the temporary sector. The continuing economic uncertainty means that employers are reining in expenditure on permanent employees until the outlook becomes clearer. (see graphs below).
“With the deepest double dip recession in 50 years, and amid on-going uncertainty over the Eurozone, employers’ confidence has taken a real dive. Many have turned to temporary workers in order to maintain their capacity, whilst not yet committing to any longer term increase in their overheads.”
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