April sees staff rates falling but pay growth on the up

The latest KPMG and Recruitment and Employment Confederation (REC) report on UK jobs has found the number of workplaces is still slowly dropping while salaries are increasing

Permanent and temporary position appointments are still seeing drops, but only slightly over all sectors, the 19th month in a row this has been the case.

Additionally, the number of permanent and temporary positions in the accounting sector was significantly lower than in April 2023.

Wage growth is still on the up to attract talent into positions, with pay has been increasing for temporary and permanent positions for the last 38 consecutive months. Temporary positions experienced the sharpest wage increase since June 2023.

Availability of candidates is in fact at a five-month high, with the fastest increase since November 2023.

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