The latest monthly Bank of Scotland "report on jobs" has been released for June and it doesn't make for pleasant reading for Recruiting Managers. There has been a "double whammy" of significantly reduced candidates on the market, with another strong rise in salaries - now to the highest level in the survey's history.
Fortunately, demand has also been strong, so the number of candidates finding work has increased again, month-on-month.
This is of course, great news for candidates looking for work, and a very healthy sign for the Scottish economy as a whole. Donald MacRae, Chief Economist at the Bank of Scotland, commented: “June’s Barometer reached a record high in the eleven-and-a-half years of the survey. The number of people appointed to jobs increased while vacancies grew at a robust rate. The number of candidates available for both permanent and temporary jobs fell accompanied by a record rise in starting salaries. The recovery in the Scottish economy looks set to continue.”
The number of candidates finding permanent work increased most in Edinburgh, for the second consecutive month. Likewise, Aberdeen maintained it's position as the fastest growing market for successful contract placements. If you fancy a pay rise, head to Glasgow, it topped the list for biggest increase in salaries. Or if you are contracting, head to Aberdeen - it had the highest increase in contract rates.
But the overall pictures showed sharp increases in permanent salaries, contract rates, with a significant decrease in the availability of contractors and permanent staff. Not great news for Scotland's employers looking to hire.