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News - 16 April 2012

UK job vacancies rose in March

A report (using information from 400 recruitment and employment consultancies) by The Recruitment and Employment Confederation (REC) said that the number of job vacancies in March grew at its fastest rate for eight months, led by the IT and computing sector, and that permanent staff placements rose for the third month in a row.

But there was a drop in the number of temporary appointments in March, due mainly, they said, to many firms converting temps into permanent staff due to the effect of Agency Worker Regulations.

The regulations, which came into force at the end of last year, gave agency workers equal rights with directly employed staff after 12 weeks in a job.

Tom Hadley from the REC said the rise in permanent appointments and vacancy growth was a "positive indication of increasing employer confidence".

Stuart Coleman, Manager of the Tax Department of ABDS says:

"Recent tax changes announced in the Budget, the Youth Contract and reductions in red tape for businesses should further boost employer confidence and accelerate hiring activity."

The latest data from the Office for National Statistics showed that UK unemployment rose by 28,000 to 2.67 million in the three months to January.

If you need any help and advice for your business contact Lavinia Newman, Stuart Coleman or Tonmoy Kumar to discuss how ABDS can help

ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900  E-mail: abds@netaccountants.net

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