U.K. Jobs Boom Sends New Hire Pay Up by Most in Almost Two Years
- Permanent vacancies rise at quickest rate for 28 months: REC
- Candidate supply cannot meet demand, employers up pay
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U.K. starting salaries climbed by the most since October 2015 last month, boosted by a shortage of available workers in the midst of a hiring boom.
Vacancies rose at the quickest rate for 28 months in August, IHS Markit and the Recruitment and Employment Confederation said Friday, while the number of people placed into roles grew at the second-steepest rate since April 2015. The availability of workers continued to decline sharply, exacerbated by a fall in net migration from the European Union.