Venn Index Q1 2018- Recruitment Report
Posted on Tuesday, April 24, 2018 by Venn Group — No comments
Our latest Venn Index demonstrates that the engineering and manufacturing sectors have seen an increase in mid level vacancies and also the demand in the marketplace for skilled workers. The shortage of workers is one of the main drivers for the rate increase across this sector along with the increase in demand as a result of the market being so busy.
For technology Q1 saw a slight emphasis shift from contract work, to Fixed term Contract (FTC) appointments. This is explained as hiring manager perspective shifts from securing extra resources to complete projects before calendar year end, to new programmes of work in line with a new calendar year. We would expect to see this trend reversed, as the financial year end projects are brought through in the Q2 results. This trend has a knock-on effect on rates, as FTC is perceived as a ‘more secure’ contract by both candidates and clients alike, and attracts a lower premium on date / hourly rates, than traditional contract / deliverable based assignments.
Stan Murray-Hession - Director, Engineering & Manufacturing
Tim Dixon - Director- Technology