Temp demand rising in some sectors but down overall, says APSCo report
Wed, 16 May 2012
The demand for financial services and engineering temporary workers rose over the month of March, but cross sector remains lower than the levels seen last year.
This is according to the Association of Professional Staffing Companies’ (APSCo’s) ‘Monthly Trends’ report, surveying members of the association.
It shows that financial service temp demand is up 37% month-on-month, but down 35% when compared to the same month in the previous year.
In engineering, demand is 3% up on the month, and 5% on the year, while across all sectors temporary demand declined 1% across the month, but was still 10% lower than in March 2011.
In the permanent space, demand was down both on the month (21%) and on the year (3%).
Ann Swain, chief executive of APSCo, says: “Understandably, with the outlook still uncertain, employers have turned to temporary workers to plug any immediate skills gaps.”
Caroline Hudson, director at recruiter Argyll Scott, adds: “Many financial firms still have strict headcount limits in place and are finding it very difficult to get sign-off on permanent hires. The use of temporary workers has risen, partly to compensate.”
She adds: “There is significant demand for skills to work on implementing change management programmes in banks and other financial institutions. The project cycles tend to be of a fixed, shorter-term duration, so interim managers are often the preferred resource.”