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03-10-2017

Pay rate pressures increase

"Temporary pay rates are increasing at the fastest pace in 16 months".

"Recruitment consultancies registered a further drop in temporary candidate availability at the UK level in August. Moreover, the rate of reduction was the most marked since December 2015".

These comments come from the recruitment industry's monthly survey in August.

While Minimum Wage (or National Living Wage as it is now known) has increased faster than other earnings and tax threshold increases have helped the lower paid, there are growing concerns that it is becoming ever harder to source quality staff.

It is becoming a buyer's market and those companies who reward their staff, whether that be through attractive pay rates, good working conditions or other incentives are likely to find themselves far less frustrated by growing shortages than companies who offer little more than a job. As EU immigration stalls, candidate supply in London is becoming less certain that at any time in recent years.

At Extraman, we consider it part of our work to advise customers on how to not only attract but, crucially, retain, a workforce that will match their needs. Such advice is freely given to all customers and potential customers.


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