Overcast

Overcast

max temp: 15°C

min temp: 11°C

Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

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.

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.”

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

Colchester General Hospital

An “exciting” new multi-million pound state-of-the-art department will be built at Colchester General Hospital as it becomes a regional centre for medical tests.

Carol Turgoose with volunteers at the foodbank in Halstead

Opticians across Essex and Suffolk have given a boost to charities supporting poverty-stricken families in the area.

Suffolk fisherman Harry Simper

A young Suffolk fisherman has netted himself a national award.

A 1963 Ferrari 250 GTO outside Heveningham Hall. Picture: Cameron Maynard/Aperto Photos.

An 18th Century Suffolk mansion has announced plans to host a gathering of rare classic cars as part of celebrations marking the 20th anniversary of its annual country fair.

BBC's Springwatch has arrived in Minsmere Nature reserve for the third year.
Presenters Chris Packham and Michaela Strachan.

A new Springwatch star is likely to be born at RSPB Minsmere in the next three weeks to capture the hearts of millions of viewers in the same way that a hapless little fish did during last year’s immensely popular BBC nature showcase series.

Gina Long celebrating with the family on receiving her MBE

Three community heroes from Suffolk were honoured for their selfless work and made an MBE by Prince Charles.

The Sorcerer's Apprentice. Photo: David Tett

From half-term fun and open gardens to the Suffolk Show and air displays, there’s plenty to see and do in Suffolk during the school holidays.

Ipswich Crown Court.

An Ipswich man with “an entrenched and disturbing interest” in sexually abusing females has been jailed for 12 years.

Fiona Cairns, director at Suffolk Preservation Society

A charity which aims to protect and enhance Suffolk’s landscape and iconic buildings wants to join forces with town and parish councils to help them fight against ‘inappropriate’ developments.

Mobile speed cameras will be out and about in Suffolk today operating on the B1077 near Eye, in the Kenton area and around Bury St Edmunds according to the Norfolk and Suffolk Speed Camera Twitter account.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24