Year on Year Increase in Temporary Employment
There has been a welcome surge in hiring levels across the UK in the last quarter of 2012, with the number of temporary vacancies most notably on the rise.
The confidence boosting news comes from a report – The Venn Index – by temporary recruitment specialists, Venn Group.
It shows that despite a fall of 34 per cent in opportunities within commerce and industry in London, nationwide vacancies in the private sector have increased by 32 per cent.
Overall, the Venn report showed there was a 5.2 per cent increase in hiring levels across the UK in the fourth quarter of 2012, as opposed to the final quarter of 2011.
It was a result that prompted Venn director, Robert Bowyer, to say that the economy is “showing positive signs of recovery and temporary employment levels in the UK remain strong.”
It was particularly noticeable that employment markets were very strong in the Midlands, when temporary vacancies increased by 33 per cent across all sectors.
The temporary and interim market within the public sector is showing continued signs of success according to the Index – up by 32.9 per cent across Britain.
Mr Bowyer added: “Between quarter three 2012 and quarter four 2012 vacancies across the UK dropped by 9.8 per cent and this blip is reflected in recent figures released by the Office of National Statistics which show that GDP shrunk by 0.3 per cent last quarter.
“However between quarter four 2011 and quarter four 2012, employment levels have slowly risen which indicates a long-term sustainable growth. Research from the Institute of Directors suggests that there is a growing sense of economic optimism for the year ahead amongst employers and long-term confidence has also increased.
“Official figures also continue to point towards an acceleration of job creation. There is no doubt that 2012 was an unusual year – yet despite the Olympics and additional bank holidays the signs are positive that the temporary labour market is well on the road to recovery.”
The results from The Venn Index are certainly encouraging and show that the recruitment industry has much to look forward to in 2013.