Overcast

Overcast

max temp: 12°C

min temp: 9°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.

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

Suffolk’s arachnid recorder said he would be “very surprised” if claims of a deadly spider infestation in the county were accurate.

Detectives investigating a double stabbing in Ipswich have been granted further time to question a 17-year-old boy from Ipswich who was arrested on suspicion of murder.

Charlotte Smith-Jarvis finds great value at Pump and Grind in the centre of Ipswich.

If you are still struggling for Christmas gift ideas for your children, nieces and nephews, this could help you out. Here we list the must-have toys that will be under Christmas trees in Ipswich, Bury St Edmunds and Woodbridge this year.

Looking for a fun family day out in Suffolk or north Essex this weekend? We could have the answer.

Motorists heading to London will face delays on the roads early next year as Highways England undertake a series of roadworks.

An Ipswich basketball player has returned to his native Africa to hand out clothes and sports equipment to children in deprived areas.

The air ambulance has been called alongside other emergency services to a serious crash on the B1106 in Elveden, near Center Parcs.

A man accused of raping a woman he met on a dating website has been cleared by a jury.

A man and a teenage boy were stabbed this afternoon in Ipswich at West Meadows near the Whitehouse Interchange.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24