Loading...

UK pay being pushed higher by slide in worker availability

Nov 08 2017 09:36
Bloomberg: Lucy Meakin

A marked decline in the availability of workers across the UK helped push up pay last month, according to IHS Markit and the Recruitment and Employment Confederation.

Recruiters’ struggle to meet rising demand for staff in both temporary and permanent roles is boosting wages, especially starting salaries, the groups said in a report published on Wednesday.

They added that it shows the need to clarify the rights of overseas workers as part of Brexit negotiations.

Full-time workers in the accounting and financial industries were most in demand, followed by IT and computing, and engineering, while employers were seeking nursing, medical and care workers for part-time roles.

"We simply do not have enough people for all the roles that are out there," said Kevin Green, REC chief executive officer. "We already know that EU workers are leaving because of the uncertainties they are facing right now.

We therefore need clarity around what future immigration systems will look like. Otherwise, the situation will get worse."

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. 24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

world economy  |  uk economy

NEXT ON FIN24X

 
 
 
 

Company Snapshot

We're talking about: MINI BUDGET

Finance Minister Malusi Gigaba has laid bare South Africa's economic woes. Visit our Mini Budget Special for all the action.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Free education in South Africa is:

Previous results · Suggest a vote

Loading...