REC - Report on Jobs: Permanent placements drop in October, but temp billings continue to rise sharply
Monday, 9 November 2020
The latest KPMG and REC, UK Report on Jobs survey revealed a renewed drop in permanent staff appointments in October, as rising COVID-19 case numbers weighed heavily on recruitment plans. Greater uncertainty over the outlook meanwhile drove a further marked rise in temp billings. However, overall demand for staff fell modestly, driven by a renewed fall in permanent vacancies. Widespread reports of redundancies, and fears over current job security, fuelled a further sharp rise in candidate availability. Increased labour supply, and reduced client budgets, contributed to steeper falls in starting pay for both permanent and temporary workers.