Permanent placements rise at fastest rate for three months in June
20 July 2015
Recruitment consultancies in Scotland recorded the fastest rise in permanent staff placements for three months in June, as signalled by the latest Bank of Scotland Report on Jobs. Growth of temp billings was also quicker than in May as demand for staff among businesses north of the border strengthened. Meanwhile, shortages of available candidates contributed to further upward pressure on staff pay, with permanent starting salaries increasing at a sharp and accelerated rate.
The headline Bank of Scotland Labour Market Barometer registered a three-month high of 59.7 in June, indicating a further marked improvement in the overall health of Scotland’s job market. The barometer was broadly in line with its average over 2015 so far, though just below the equivalent index for the UK as a whole.
Donald MacRae, Chief Economist at Bank of Scotland, commented: “Scotland’s labour market continued to perform well in June. The number of people appointed to both permanent and temporary jobs rose in the month while the number of vacancies increased. Permanent staff pay saw a sharp increase while hourly pay rates for temporary staff rose moderately. These results suggest an economy continuing to show moderate growth.”