Venn Index Q3 2018 - Recruitment Report

Posted on Friday, October 26, 2018 by Maire GerrardNo comments

The latest release of the Venn Index points to resilient rate averages, with continuing growth at around 2% quarter on quarter and daily rates in particular breaking the £300 threshold for the first time.

With regards to Banking & Finance and Government & Third Sector, Director Robert McLeod said:

“We’re seeing a marked rise in average hourly rates for Banking and Finance, as financial firms build up teams of senior specialists to support their sector’s Brexit planning.

“Government and Third Sector contractors are still having to contend with financial austerity, as cuts across the sector create continuing pressure on government leaders to provide ‘invest to save’ and ‘outcome based’ solutions. One effect of this is that the traditional contingent labour workforce model is now running in parallel with other procurement methods.”

Director of Engineering & Manufacturing, Stan Murray-Hession commented:

“This quarter we have seen considerable growth in renewable energy. In particular, biomass power is showing the most consistent growth. Our Engineering and Manufacturing division has reacted to this and made some good headway placing professionals within these areas, leading to many more contracts issued.”

Finally, our Director of the Technology division, Tim Dixon said:

“Q3 has seen a surge in demand for highly skilled and specialist Cyber and Information Security professionals, which goes some way to explain the leap in day rate averages, with some of the specialist appointments upwards of £1,000 per day. This increase in demand has been matched by Venn Group’s ability to supply, with our specialist technology hubs in Reading and Bristol now fully established, having been opened in anticipation of these ever-heightening demands for National Delivery projects of the highest levels of sensitivity and security.”

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