Vacancy growth outstrips applicants, says Reed
2 January 2014
The latest Reed Job Index from reed.co.uk suggests the start of 2014 will see the tide turn for the UK jobs market, with the rate of growth in new vacancies overtaking the number of applicants for the first time in five years.
Thu, 2 Jan 2014The latest Reed Job Index from reed.co.uk suggests the start of 2014 will see the tide turn for the UK jobs market, with the rate of growth in new vacancies overtaking the number of applicants for the first time in five years.
The Job Index produced in the report, which is available online, stands at 172 for December 2013, up from 138 at the beginning of the year.
It also shows that the number of vacancies increased across every UK industry sector through 2013, and across 11 out of 12 regions, with Northern Ireland the lone exception.
While salary growth has lagged behind job growth, although it did rise for a third consecutive month, reed.co.uk chair James Reed notes: “The latest data shows a shift towards a candidate-led market. This is good news for jobseekers and will present a growing challenge to employers… candidates will have a stronger negotiating position when it comes to pay, so employers will need to be prepared for a growing wage bill in 2014.”
The Job Index produced in the report, which is available online, stands at 172 for December 2013, up from 138 at the beginning of the year.
It also shows that the number of vacancies increased across every UK industry sector through 2013, and across 11 out of 12 regions, with Northern Ireland the lone exception.
While salary growth has lagged behind job growth, although it did rise for a third consecutive month, reed.co.uk chair James Reed notes: “The latest data shows a shift towards a candidate-led market. This is good news for jobseekers and will present a growing challenge to employers… candidates will have a stronger negotiating position when it comes to pay, so employers will need to be prepared for a growing wage bill in 2014.”
