Report on Jobs shows decline in salaries hitting new record as demand for staff weakens further

The REC/KPMG monthly Report released on 4 March 2009 regarding Jobs highlights a further deterioration in labour market conditions, driven by sharply reduced demand for staff during February.

“Labour market conditions continued to deteriorate  as the poor economic climate and reduced company activity levels led to another substantial decline in demand for staff. Vacancies fell at a pace that marginally exceeded January’s previous record. In line with the trend seen in recent months, only the Nursing/Medical/Care sector bucked the overall trend of sharply falling demand for staff”.

Key points on the general sector included:

•          Permanent placements and temp billings fell at near-record rates
•          Vacancies contracted at the fastest pace in the survey history
•          Series record reductions in permanent salaries and temp pay

Wanted – healthcare staff – call us now | The full report is here