Competition for candidates increases expected salaries according to Select Appointments
June 07, 2017
Select Appointments is recommending employers seriously consider increasing salaries if they want to attract the right candidates for jobs.
According to a recent survey of employers by the Recruitment & Employment Confederation (REC) 42% of companies looking to hire have been forced to increase the salary on offer to attract the right candidate.
Skill shortages continue to be a big concern amongst employers, with half of those questioned expecting a shortage of permanent candidates over the next three months. A quarter said they would consider lowering the requirements for a role to fill it.
The survey also revealed 22% of employers plan to increase permanent headcount in the short and medium term. 19% of employers plan to increase temporary agency headcount in the medium term, and 12% plan to do so in the short term.
Suzie McCafferty, managing director of Select Appointments, comments: “As we see from the latest survey by REC candidates are still in very high demand, and if employers want the right people they are going to have to pay for them. We expect this to be a continuing trend for the foreseeable future, as many companies are working flat out with no spare capacity, so candidates are in a very favourable position currently.”