Bank of Scotland

Demand for permanent staff rises at strongest pace since 2011

21 October 2013

  • Higher client demand supports marked increase in permanent appointments
  • Permanent salaries rise at fastest rate for six years
  • Aberdeen and Dundee continue to report strongest increases in permanent and temporary staff placements respectively

The latest Bank of Scotland Report on Jobs signalled a further marked rise in permanent placements in September. Although the rate of growth was slower than the record-highs in the previous two months, it reflected higher client demand, which rose to the greatest extent for almost two-and-a-half years. Temp billings growth similarly eased over the month. Concurrently, average pay rose markedly, with permanent placements, in particular, increasing at the fastest pace since mid-2007.

The Bank of Scotland Labour Market Barometer – a composite indicator designed to provide a single figure snapshot of labour market conditions – picked up slightly in September, rising to 60.0 from 59.7 in August. This was only marginally below July’s near six-year peak of 60.3, and signalled a marked improvement in Scottish job market conditions.

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