The monthly RBS/Markit survey of the recruitment market in Scotland is always eagerly awaited in the Peace office. It's interesting, sometimes salutary, to see how the recruitment industry in general, and the construction jobs market in particular, have been performing.
In a continuation of the welcome trend we've seen recently, "another month of strong salary inflation in Scotland was recorded in April" for permanent jobs, while for temp/contractor roles, "wage rates in Scotland increased for a forty-ninth consecutive month in April (and) the rate of inflation picked up since March and was the strongest since last September."
Now, we know that some of this wage growth is led by the burgeoning IT sector, but, with the skills shortages prevalent in many sectors, including some areas of construction, there is also growth in our market. This reflects the overall growth in demand for permanent jobs, which increased for a 27th successive month. Although there was a softening of demand in the contractor market, there was still growth and, crucially (at least from our perspective!), the construction and engineering category continues to show very respectable growth (any result over 50 is growth), as you can see on the table here (reproduced from the RBS/Markit report). While it's easy to get concerned about the doom and gloom stories in the media, and there is also no doubt that construction in Scotland is not quite what it was a few year ago at the height of the infrastructure boom, our industry (and our business) is still in a decent place. Yes, we could certainly do with a decision (almost any decision!) on Brexit as that would help reduce uncertainty and offer a clearer path for future investment, but in the meantime we're still busy at Peace and we expect that to continue over the summer months. If you are looking for a job, or are an employer in need of quality candidates, remember, we are one of very few agencies which cover the entire range of professional, trades and contractor opportunities!
Chris Peace, MD, Peace Recruitment