Friday, 12 June 2020
Recruitment activity continued to decline in May, with the latest KPMG and REC, UK Report on Jobs survey showing further marked falls in both permanent placements and temp billings following record drops in April. Survey respondents frequently mentioned that the coronavirus disease 2019 (COVID-19) pandemic and subsequent company closures had led clients to cancel or delay hiring plans. At the same time, reports of redundancies and furloughed staff led to the quickest increase in candidate availability since July 2009. However, a further marked drop in demand for staff, which was highlighted by a substantial drop in overall vacancies, led to steep falls in starting pay. The report is compiled by IHS Markit from responses to questionnaires sent to a panel of around 400 UK recruitment and employment consultancies.