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Latest News

Surge in jobs leads to skills gaps and wage hikes

by Personnel Today 7 May 2004
by Personnel Today 7 May 2004

Job
creation increased in April resulting in skills shortages and higher salaries
for new recruits.

According
to two new surveys, many employers are now trying to increase their headcount
but are suffering problems finding candidates with the right skills.

The Report
on Jobs
, by the Recruitment and Employment Confederation and the
professional services firm Deloitte, reports that supply and demand is being
affected by the mini-boom in jobs.

“With
a marked decline in candidate availability, the battle for talent among
employers continued to heat up (in April),” said Brett Walsh, head of UK human
capital at Deloitte. “This led to salaries offered to people starting new jobs
rising at the fastest rate for three years.”

The
survey found that pay rates for both permanent and temporary staff showed a
sharp increase on the previous month.

The
leisure and technology industries recorded the highest rise in employment
rates, according to the monthly Mandis/Adecco Job Creation Index. The leisure,
sports and entertainment industry reported an increase of 982 per cent and the
IT and telecoms industry an increase of 656 per cent.

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However,
it says the media, advertising, marketing and publishing industries showed less
positive results and that healthcare recruitment had slowed from a high in
January.

By
Roisin Woolnough

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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