Reading the Runes - the IT jobs Markit
Posted on 10th March 2019
Every month we report on the previous month's RBS Markit report for recruitment in Scotland and every month the IT sector is ranked either top or very near the top of the indices that demonstrate growth in the jobs market. That's certainly the case again for February, as you can see in the tables below for both perm and contractor jobs, but it's also the case that the Markit surveys need to be carefully read to gain an understanding of what's going on. There is a tendency for the report to be couched in unnecessarily precise terms, as if written by a statistician rather than someone who wants to make it easy to understand.
To take just a couple of examples, the February report comments on the availability of temp/contractor candidates as follows:
"According to Scottish recruitment consultancies, there was a further drop in temp staff supply during February. However, for a third month running, the rate of deterioration eased and was the least marked for almost one year.
Temp candidate availability also continued to deteriorate at the wider UK-level in February. As was the case in Scotland, the rate of decline slowed since the turn of the year."
In other words, the number of candidates available is decreasing, but not quite as quickly as previously.
Secondly, we can read the following under the section on salaries for perm employees:
"Pay pressures remained elevated for permanent new joiners in Scotland during February. Overall, the rate of starting salary inflation was sharp and stronger than the long-run average. That said, pay growth softened to the weakest since March 2017."
Or, to put it another way, starting salaries are currently going up at a rate that it higher than the long-term rate, but in February this rate of growth was weaker than previously.
Of course, neither of these minor criticisms should detract from the overall importance of the report. It's something that Be-IT and many other recruitment firms contribute to because we really value the information it provides. In particular, as I seem to write every month, IT is still forging ahead, which probably explains why all our offices are so busy!
Gareth Biggerstaff, CEO, Be-IT
Posted in Recruitment News
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