New figures suggest that job vacancies are increasing at break-neck speed, reaching the highest level in more than six years.
According to the Recruitment and Employment Confederation (REC), temporary job vacancies are increasing at a staggering rate – the fastest pace in 15 years.
Despite the positive outlook, some organisations are still keen to sound a note of caution. Research conducted by Legal & General, for example, shows that confidence among female workers has fallen in the last year with only two out of three women feeling confident in their job security. Male job confidence remains at about 74%.
"With the latest Government statistics showing that 74% of all part-time workers are female it's clear that women are often the ones who opt for part-time roles to juggle family arrangements, and they appear to be the ones feeling under the most pressure at the moment,” explains Legal & General rep Mark Holweger.
In general terms however, growth has not just been confined to temporary workers or contractors. Pay rates for permanent staff has increased at the highest rate in almost six years while temp workers’ salaries have risen for seven straight months.
With job vacancies increasing at such a rapid rate, economists consider the economy on the road to recovery, which will have its challenges for recruiters.
REC’s Tom Hadley explains: “Looking ahead the huge challenge we face is ensuring that there are enough workers with the right skills to meet this demand.”