Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 8°C

Search

East Anglia: Growing evidence of a ‘war for talent’ Markit/KPMG Report on Jobs reveals

06:00 08 July 2014

Steve Muncey, KPMG

Steve Muncey, KPMG

Archant

A “war for talent” has been unleashed in the south-east of England as employers vie with each other to recruit new staff, a report has found.

shares

Starting salaries in the region, which includes the east and south-east excluding London, have risen at a rate not seen since July 1998, according to the Report on Jobs: South East.

The study, which started in 1997, is compiled by financial information services firm Markit using its monthly job survey data from around 150 recruitment and employment consultancies. The report, commissioned by accountancy firm KPMG and the Recruitment and Employment Confederation, found that the availability of permanent candidates dropped at a survey record pace.

The temp supply also showed a rapid decline, and there was a marked growth in permanent placements.

Steve Muncey, senior partner at accountancy firm KPMG in East Anglia said: “Many businesses across the region have realised that under-investment in staff during the downturn has led to a skills deficit and the war for talent is most definitely back.”

But he warned that the solution was “not as simple” as goiing out and re-hiring talen and “splashing the cash”. “Despite offering starting salaries at a rate that has not been seen during the survey’s 17 year lifetime, it is clear that candidates are not easily swayed,” he said.

Despite rising house prices, the desire for extra disposable income was not yet translating into a generation of staff only loyal to their monthly pay cheque. Although many might argue that by offering higher pay packets businesses are showing increased confidence, the truth is that continued starting salary growth is unrealistic and unsustainable over the long term.

“Ultimately candidates are also suggesting this by voting with their feet, because we have also just witnessed the biggest fall in candidate availability for 17 years in the region. Perhaps this means that the productivity gap is being replaced with another chasm a vacancy vacuum and one that is unlikely to be resolved until employers recognise that, for staff, remuneration is about much more than take home pay.”

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The Iron Throne featured in the Game of Thrones series, which is coming to Ipswich this month

Pretenders to the Iron Throne will have the opportunity to stake their claim as ruler of Westeros this month as the iconic seat used in the hit TV show Game of Thrones will be coming exclusively to Ipswich.

Drink-drivers in court

An Ipswich drink-driver who carried out an ‘idiotic doughnut’ while police officers watched has been banned from the road.

The CCTV image issued by Suffolk police after a woman was assaulted in the Cornill area of Ipswich

Police have issued CCTV images of a man they would like to speak to after a woman was assaulted in the Cornhill.

Michael Leaberry

Police in Wales have launched an appeal to find a man wanted in connection with child sex offences, who is known to have links in Ipswich, Suffolk and Essex.

Woodbridge Thoroughfare

A fashion retailer looks set to open a new store in the heart of a Suffolk market town.

Sunset over Drinkstone - Pamela Bidwell

The sun going down over Suffolk is always a bewitching scene, with shadows cast over some of our most iconic landmarks and a warm glow burning behind.

Sports editor Mark Heath getting some wrestling and grappling lessons from wrestling and MMA coach Graham Yates.

Picture: ANTONY KELLY

I’m not sure if it’s called a ‘calf-slicer’ or a ‘calf-crusher’, writes Mark Heath. But I know this – it bloody hurts.

Many of the houses in Cromwell Street, Ipswich were due for demolition when this photograph was taken in the mid 1960s.
(Photo by Jack Keen)

Nearly 60 years ago a plan was drawn up for Ipswich to cope with the rise of the motor car by creating a dual carriageway around the town centre.

The team behind the building of the new Woolverstone Macmillan cancer centre at Ipswich Hospital celebrate reaching another milestone in the appeal. 
Jess Watkins, Kate Ashton, Sharon Austin, Mike Durrant, Joy Moulton, Jan Ingle, Ellie Ball, 
Pauline Meadows, Cheryl Thayer, Gill Heard, Helen Glenholmes and Mandy Jordan.

A brand new cancer centre opening in Ipswich soon has been boosted by a fundraising campaign which has raised more than a third of its £3.7million target in just 18 months.

The new Ipswich police headquarters from insurance company offices in Civic Drive in July 1968

In the summer of 1968 the Ipswich Police Station moved from under the Town Hall to a new building at the junction of Civic Drive and Elm Street. 
Last June work started to demolish this landmark building and the site is now being converted to a temporary surface car park.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24