Job vacancies rising at fastest pace since 1998

Despite its positive headline, the latest jobs report released on Friday (7th Feb) has been met with mixed reactions from industry professionals. Produced by the Recruitment and Employment Confederation (REC) in conjunction with KPMG LLP, the survey revealed that job vacancy numbers are rising at a 15 year high, with notable peaks in performance across a range of sectors.

Yet with many good news pieces, there is a downside, with declining availability of candidates and skills shortages becoming problematic for a number of industries. This subsequently raises concern for economic growth on the whole as businesses struggle to find and maintain the right workforce to make a meaningful contribution to recovery.

Interestingly, statements are now being made surrounding careers guidance - in particular, what sort of advice is currently being given versus what advice should be readily available.

Tom Hadley, director of policy at the REC, said: “Part of the solution is to develop a careers guidance network that is fit for purpose. People need to be made aware of the growing sectors and what skills will be needed in the future, they also need to be taught the mechanics of finding work.”

He added that job centres across the country needed support from local businesses and recruiters in order to equip their jobseekers with regionally relevant information and advice about what sort of jobs and careers there are in their area.

In the spirit of optimism, the team and I are focusing on the positives from the report, including the news that unemployment levels have fallen to their lowest in just under five years.

We will however heed the advice given by REC and its policymakers by continuing to actively support Peterborough’s economy and equipping our clients and candidates with expert, local knowledge. Our salary survey is one way in which we do this, providing local employers with incredibly useful data about pay and remuneration packages in their area.

Recent salary survey publications have demonstrated an upward trend in employer confidence, which is tentatively reflected in this newest report on jobs. Particularly pleasing are the further sharp rises in temporary billings –and with truly genuine benefits for both employer and employee we can see why.

All in all, a promising first report for 2014. Watch this space for further comments and updates…

2013 in review

As at the end of every year, the team here at ACR look to the media and to the industry’s professional bodies to see if their findings and forecasts match with what we have experienced in the past 12 months locally here in Cambridgeshire, as a good indication of what we can expect from 2014 both locally and nationally.

We have seen a steady growth in positive stats and figures coming from in-depth reports and surveys concerning employment levels undertaken by the Recruitment & Employment Confederation (REC) and the Chartered Institute of Personnel and Development (CIPD).

The REC’s end of year JobsOutlook survey shows that the number of employers planning to take on more permanent staff early next year is up nine per cent on 2012. Better news still for the temporary and flexible workforce, which benefits from a 17 per cent rise (to 47 per cent) in employer interest and engagement.

Confidence in the economy generally is also growing, with small businesses in particular demonstrating good faith. Many believe this is largely due to the changing attitudes in consumers and their increasing willingness to spend money, invest in a product and/or buy into a brand.

The Office of National Statistics also brings good tidings for the close of 2013, reporting the lowest level of unemployment in the UK for four years and the highest number of job vacancies for five years. Even more encouraging is the fact that the East of England reported the lowest unemployment rate of just 5.6 per cent compared to other areas.

This officially puts our county at the top of the employment ladder nationally. Having successfully placed many candidates this year, we are both delighted and unsurprised by this statistic. Locally, our employers are showing increased optimism in hiring new workers and keeping remuneratively competitive – as demonstrated by our salary survey results released in October.

All of the above can only mean good news for the world of recruitment as we get ready for the year ahead. January is always traditionally a busy time for jobseekers and agencies alike, but we will strive as ever to maintain and sustain the positive, confident and resolute attitude adopted by so many when a new year comes around.  

We would also like to take this opportunity to thank all of our clients and candidates for choosing to work with us in 2013, and look forward to doing so again next year.

Concerns over city’s unemployed

While our recent pay trends mini survey revealed some positive news about Peterborough and its businesses, the latest statistics regarding unemployment in the area have resulted in concerns being raised.

A total of 6,710 people are currently unemployed, making up for 5.6% of the local population. It is only a slight increase from the figures released this time last year, but one that reflects poorly on the city in comparison to the rest of the region.

Lincoln, Cambridge, Northampton, Grantham and Stamford all reported figures that were more representative of the national rate, which currently stands at 3.9%.

A number of local organisations were contacted to comment on the news, including ACR. Recruitment partner Nel Woolcott spoke with BBC Radio Cambridgeshire on our behalf, talking candidly about why the figures were so high.

Much of the discussion focused on the impact of seasonal roles, many of which will have recently come to an end following the busy Christmas period, as well as the recent influx of people without jobs moving into the area.

We can certainly relate – having had a busy start to the year – but we still have a variety of job roles currently available and have even identified some skills gaps in the market.

In short, we still have something to be confident about in spite of these disheartening statistics. We know that Peterborough is a job creating city, with a 17% increase in the number of new companies being set up within the last 12 months.

We’ll be keeping cautiously optimistic as we continue to work with clients and candidates alike towards a much-anticipated boost in the city’s economy.

What to expect in 2013

January is always a busy month for recruitment in general, and it’s no exception here in the ACR office.

For starters, we've been dealing with a number of instructions from clients who are starting to think about their recruitment needs for the year ahead. Our Recruitment Partners will be working closely with businesses over the next few months as they consider their staffing strategies and employment requirements for 2013.

The local job market also remains buoyant, with a surge in number of CV’s arriving in our inboxes over the past week. This is to be expected however, as many people adopt a ‘new year, new job’ mentality, with ACR staff on hand and ready to help.

As usual, we've been keeping up with the latest news from REC who have released some interesting thoughts on recruitment trends for the year ahead.

Encouragingly, we’ll continue to see a growth in the industry, albeit a slow and steady one. The growth in part-time and temporary work is set to be the most significant – something that the team and I are more than familiar with and will continue to dedicate time and energy to.

Meanwhile, our salary survey continues to go from strength to strength as more and more companies from a range of sectors take part each year.

For 2013, we’ll be teaming up with PAYDATA again to produce an additional interim report in January, with the focus being on pay reviews.

Designed to be a shorter study than the salary survey, it should take no longer than five minutes to feed in the relevant data. The results will give participants an extra insight into what is happening in the local market in order to prepare and plan their 2013 pay reviews more effectively.

If you would like information about taking part in the study, please let us know via email or alternatively call us on 01733 319 888.

Also on the agenda over the next few weeks will be discussions surrounding our Employment Law seminars, held twice a year in conjunction with Hegarty solicitors. If there are any topics you feel it would be particularly relevant to address this year, do let us know.

As we get into the full swing of the new year, I’d just like to take this opportunity to thank all who worked with us in 2012 - we appreciate your custom greatly and look forward to working with you again in 2013.

Salary survey shows businesses are exercising caution

No news is good news, apparently, Certainly in the case of this year’s local Salary Survey that is the case.

Last year there was a levelling out of salary increments following two or three years of quite severe dips and troughs across different industries.

But this year’s Peterborough Local Market Survey, which we produce in partnership with specialist reward consultants PayData Ltd, shows a ‘cautious’ response to the economic conditions.

While a quarter of participants revealed they had frozen pay, the survey revealed an overall average 2.5 per cent rise in salaries over the past 12 months.

That suggests a plateau has been reached. Rather than companies trying to bring salary levels back in line or attract staff in certain areas, they now seem to be rewarding loyalty and hard work while keeping one eye on costs.

There are always the odd discrepancies in this type of survey. Advanced accounts clerks have notched up around 12 per cent extra in their pay packets while marketing assistants, IT assistants and production managers have noticed a small slip. But having studied the results, I suspect these blips could be more related to the shift in our sample. Some new businesses signed up to take part in this year’s salary which is always good news.

The survey is such a valuable benchmarking tool - one which has been part of the business landscape for 15 years – it is good to see the continuing involvement of some big names.

We are now working on the production of an interim report, concentrating on pay rises, to be produced in the new year. If you would like to take part do get in touch with us.

By participating in the full survey next year your company is entitled to see the entire results document. There is also the option to receive a comparison of your results against those of others.

Salary Survey 2012

The Salary Survey was one of the first ‘added value’ services we launched back in the early days of ACR. It is testament to its usefulness that it is still going strong 15 years later.

And the 2012 survey is being launched this week.

Our partners at Paydata Ltd are currently sending out the questionnaires to a number of companies in the region, big and small, from a wide range of sectors.

The data provided on the salary and benefits of hundreds of employees will be collated, analysed and used to produce a comprehensive snapshot of remuneration packages for use by recruiters and companies.

While the headline results will be published, participants will receive a detailed analysis enabling them to make a direct comparison with similar companies.

It’s this kind of information which is crucial for companies wanting to attract the very best candidates who will be looking for a competitive offer.

We have been working on this annual project with Paydata Ltd, another Peterborough company, for the last few years. They are national experts in the field so are able to see how Peterborough shapes up against other regions. Outside the public sector, they have reported seeing a modest rise in salaries across the UK so we shall wait to see if that is reflected locally.

It’s not too late to take part in this year’s survey. If you’d like further information, do get in touch.

How was 2010 for you?

December’s rolling quickly towards Christmas and that means the end of the year is fast approaching too. I’m not sure it’ll be marked down in the history books as a good year but 2010 probably just avoided reaching ‘annus horribils’ status.

Let’s be honest, after the disaster that was 2009, 2010 didn’t have to deliver much to be an improvement.

After the pre-election waiting game, the second part of the year began with news of huge public sector cuts and no definitive answer as to how drastic the impact would be on the private sector and the economy as a whole.

We’ve spent the year concentrating on what we do best – matching clients with candidates, candidates with roles, and providing the added value we’re so proud of.

We’ve once again taken a leading role in ensuring local businesses are preparing adequately for the deadline for the introduction of the Agency Workers Regulations next October. Our on-going relationship with the REC has helped enormously and we were delighted to welcome the REC’s director of external relations Tom Hadley to speak at a one-off seminar about the regulations in the summer.

Around 200 of Peterborough’s most high profile business people attended our annual Breakfast Law Briefing to hear about the new Equality Act in September.

This year’s annual Salary Survey produced some interesting results – showing an average two per cent increase in wages over the past 12 months. After a 3.6 per cent downturn the previous year that was good news.

Our student sponsorship continued, as did our support for both the Peterborough and Stamford business awards – perfect opportunities to recognise business of all sizes and types and their input into the city’s economy.

The environment has been at the top of our agenda throughout the year. We have given presentations and provided blueprints to other commercial organisations explaining how to move towards becoming a paperless office. Our investment in that side of the business has continued with more and more of our systems integrated.

Overall, for us as a business, it’s been a good year with plenty of positives to look back on. That’s reflected in the fact there’ll be two new members of staff at our 2010 Christmas party. Charlotte and Suzi have both joined the team in the last few months and we’re looking forward to showing them the importance of playing hard as well as working hard!

So, may I take this opportunity to wish you all a peaceful Christmas and, of course, a prosperous new year.

Salary Survey launched

The Peterborough Local Market Salary Survey has been providing businesses in the Greater Peterborough area with vital information about pay and benefits packages since we launched it 12 years ago.

Last year’s survey included information gathered from some of the city’s highest profile companies and provided a snapshot of the renumeration packages of 4,800 employees – an excellent sample size representing many different sectors.

The results are, obviously, invaluable to all companies wanting to remain competitive when attracting the very best employees.

And so, we’re now launching the 2010 Salary Survey which will, once again, be produced by PAYdata, in conjunction with us at ACR.

The survey results provide a perfect benchmark for companies as they review employees salaries. And with the economy now appearing to be more stable than it has for some time, they will also provide a good indication of how city businesses have fared and, indeed, how they see themselves moving through 2010.

All companies who take part in the survey – which is, naturally, entirely confidential – receive a free detailed report of the results.

Businesses wishing to register their interest in taking part in the survey can contact us at info@annecorder.co.uk.

National salary trends

Latest figures from the Office of National Statistics (ONS) show average pay increases are at the lowest level since records began nine years ago.

The results – published as part of the ONS monthly update on unemployment and wages – are on a par with those from the 12th annual Peterborough Local Market Survey produced by PAYdata Ltd in partnership with us.

Our salary survey showed an overall downturn in wages for the first time, with an average slip of 3.6 per cent. The ONS figures were slightly less gloomy but still show private sector employees’ salaries rose by just 0.2 per cent.

Of course, these figures reflect last year’s trends when many employers chose to freeze pay in an effort to stave off redundancies or worse.

We weren’t at all surprised by our results – we had suspected the economic climate would deliver the first fall. And the 0.2 per cent figure from the ONS – as an average – of course suggests that while some people did receive a pay increase, others had their pay frozen or even decreased.

These figures are all based on last year’s business decisions. While no one expects huge about-turns over night, today’s announcement that the UK is emerging from recession could mean this time next year it is, for a lot of people, a different story.

If you would like further information on how you can take part in our Peterborough Local Market Survey during 2010 please contact Nel Woolcott (nel@annecorder.co.uk) here at ACR.

Peterborough Salary Survey

The results of this year’s salary survey won’t come as a surprise to many people – the figures show wages have slipped by an average of 3.6 per cent since last year.

We’ve been involved with producing the salary for 12 years and this is the first time it has recorded a drop.

This year 24 of Greater Peterborough’s most high profile companies fed in information about the pay and benefits received by a total of 4,800 employees.

That’s a good sample size and the fact that different industries and sectors were represented means the results provide the most accurate overall picture locally that we have.

We suspected this climate could deliver the first fall in salaries since the survey began but we were surprised by some of the figures – warehouse and store staff were among the hardest hit with their pay dropping 10.2 per cent while call centre and customer service staff saw a drop of 7.5 per cent.

As the figures are averages, they may not represent a real drop in the money in an employee’s pay packet but rather provide a reflection of the result of redundancies or pay freezes.

However they’re interpreted, the figures unfortunately paint a generally negative picture. But then that’s pretty much how the year has panned out in business. The best it seems we can hope for is that the start of 2010 brings with it some market confidence to give business, staff – and salaries – a welcome boost.

Salary survey being compiled

Market forces are in an interesting state of flux with the factors which influence remuneration packages changing. More candidates are chasing less jobs. People are applying for jobs they are over-qualified for or starting again in a completely new industry.

That gives employers a dilemma. Who’s worth what? How should comparisons be drawn?
For that reason we’re hoping this year’s Salary Survey, an initiative we spearheaded 12 years ago, will be more useful than ever.

The Local Market Salary Survey, being compiled by specialist reward consultants PAYdata in partnership with us, gives an invaluable snapshot of employees pay and benefits.

We ask dozens of companies – big and small – from a range of sectors, across the Greater Peterborough area to contribute to the survey – confidentially of course.
The results are compiled into a report which gives companies the information they need to remain competitive – and realistic – which is key in the current climate.

Questionnaires are currently being distributed with the final report due to be released at the beginning of September.

If you’re interested in finding out more about the Salary Survey or in taking part please get in touch with us at info@annecorder.co.uk

Welcome to my first blog!

Welcome to my first blog!At the end of one of our busiest years to date, and with us taking the final steps towards being a paperless office, we felt the time was right to pass on our knowledge, information and ideas to candidates, clients and those in the industry, through the power of the internet.So here I am, sitting at my desk in the middle of a busy office, writing my first blog – not bad for someone who leaves technology to other people whenever possible!As well as launching the blog, this month has seen the distribution of our 11th annual Salary Survey. This year, to save us hours with the calculator, we handed over the compilation of the facts and figures to experts in the field who were able to collate, calculate and distribute the information at the click of a few buttons.The survey – which boasts 21 employers, including big names like Diligenta and Thomas Cook – is a brilliant snapshot of what’s going on in the market.