REC Survey Findings
During the financial crises, many recruiters have found that while the permanent jobs market has struggled, the temporary market has prospered.
Now, with conditions slowly starting to improve, it seems many of those temporary staff are switching to permanent roles.
A new survey by the Recruitment and Employment Confederation (REC) revealed that in October there was a boost in the number of temporary staff who were subsequently taken on as permanent employees with almost one in four temps landing a permanent role this way, the highest transfer rate since the survey began in July 2009.
This was not the only good news to come out of the survey, which showed that more than half of employers – 54 per cent – plan to increase their permanent workforce in the next three months, while 49 per cent see their permanent workforce growing in the long term.
The survey, conducted on behalf of the REC by JobsOutlook, revealed that only a tiny percentage – one per cent of employers – plan to cut back on permanent staff over the next year.
Light at the end of the tunnel – and then some.
REC director of research Roger Tweedy said: “Business confidence is steadily strengthening each month.
“With official employment figures continuing to grow and the UK exiting the double dip recession there are fewer dark clouds on the horizon and many employers feel they can confidently plan for the future.
“Employers see transferring temps into permanent staff as a cost-effective, low risk way to grow their workforce.
“This has been an increasing trend during the recession.”
The survey also showed that 95 per cent of employers plan to increase or maintain their numbers of permanent staff over the next three months, with that figure increasing to 99 per cent over the next 12 months.
Meanwhile, twenty-nine per cent of employers plan to increase agency worker numbers in the next quarter.
All sounds like it’s a great time to dust down that CV and get back on the jobs trail.
Happy hunting, people.