The latest KPMG/REC Report on Jobs has been released and it makes very positive reading for the engineering sector. The growth in permanent vacancies has continued with the increase in demand for engineers nearly at the same level as February’s record figures. While the rise in temporary vacancies in the engineering field continues to increase, it is slower than the permanent side which reflects the growing confidence of employers looking to invest in staff long term.
The report confirms what we have been seeing in the day to day job market with a decline in candidate availability and the fastest growth in permanent salaries since July 2007. As a consequence we are starting to see permanent salaries for engineers rising above inflation rates for the first time in over 5 years. This is what we have needed in the industry to help attract new graduates to work in manufacturing or research whilst retaining the highly skilled specialists in the sector.
Engineering and science are among the fastest growing sectors in the economy, which is great news for our industry.
If you would like more information on this report or the current labour market contact Liam O Connell at firstname.lastname@example.org