Rising confidence among employers is raising hopes of a turnaround in a jobs market reflecting ‘gold standard’ pay rates for hundreds in the line for short-term posts at the London Olympics.
9:02PM GMT 12 Mar 2012
The latest set of unemployment figures on Thursday is expected to show a further rise in the December total of 2.67m but more recent soundings by recruitment specialists suggest a slow recovery is in sight.
Manpower says a survey among 2,100 employers showed another 2pc are planning to end a recruitment freeze in the next three months. Research by Adecco also suggests companies are more confident about prospects and jobs over the next year.
National retailer Screwfix has been making a contribution to reducing youth unemployment by hiring 1,232 in the 16-24 age group over the past year in its 200 strong network of trade counters selling screws, fixings and hand tools.
Optimism is strongest in the capital where recruitment for the Olympic games is providing a strong fillip, helped by pay rates running ahead of the national average.
Security guards, construction workers and IT professionals are being offered salaries 30pc above the national average according to Adzuna, a jobs search engine. The average annual salary on offer at £27,248 is 13pc higher than the national average of £24,180, the firm says.
Mark Cahill, Manpower UK managing director, is cautiously optimistic after analysing survey data. He said: “Although it’s too early to say that a full-blown recovery is upon us, it does feel like we’re turning a corner when it comes to the jobs market. Businesses that were battening down the hatches in the last quarter appear to be considering taking on staff.”
Construction is the only sector gripped by pessimism but there are sharp differences in the outlook between London and the provinces. The number of London employers anticipating re-hiring is up 7pc with the Olympics cited as the key factor.
Adzuna says IT professionals are being offered the equivalent of £55,000 a year for their Olympic stint, 36pc above the national average. The best paid current job openings range from £300 a day for IT network engineers to £397 for emergency medicine consultants. At the other end of the scale silver service waiters and waitresses will collect £6.50 an hour, cleaners £7.60-£8.30 and drivers £8.30.