Salaries grew at the fastest rate since before the financial crisis and recruitment also had a strong month, new data shows.
According to reuters.com, a report by the Recruitment and Employment Confederation (REC) and KPMG shows permanent hiring remained well above the 50 mark on the index at 61.9. Although this was a slight decline from 62.2 in September, any figure above 50 indicates growth.
The private sector continues to outperform the public sector, as employment for permanent staff grew to 70.2 whereas permanent staff in the public sector continued to see a smaller growth of 54.9.
Moreover, permanent salaries saw their fastest growth in six years from 56.7 to 57.6 in October, reports ibtimes.co.uk.
It is believed the increases are due to an improving economy, which is driving employer confidence. In addition, the skills shortage is also boosting the number of vacancies, which could prove to be a problem later on if not tackled.
Kevin Green, chief executive of REC, said the news was very positive for those looking for work.
“Recruiters are also telling us that the hiring process is starting to pick up speed as employer confidence returns, which should lead to greater opportunities for those looking to enter the jobs market or make the next step up in their career,” he stated.