Job starting salaries are rising at record rates

Starting salaries, permanent staff appointments and temporary billings have all risen to near-record rates, according to the latest KPMG and Recruitment and Employment Confederation (REC) UK report

The jobs survey found that July showed a record rise in starting salaries which hit 73.2 from 66 on the job survey’s index, which is the sharpest rise in nearly 24 years of data collection. The report states that this is due to a continued decline in candidate availability in July.

The decline in candidates is supposedly driven by concerns over job security due to the pandemic, a lack of European workers due to Brexit, and a low unemployment rate. Overall, candidate numbers fell at the second-sharpest rate in the survey history.

The report, which surveyed some 400 UK recruitment and employment consultancies, also found permanent and temporary staff appointments rose at near-record rates.

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