BPM Tech Newsletter - Start of the Financial Year!
BPM Tech #BecausePeopleMatter
Trusted US & UK, IT talent solutions partner, enabling companies in the tech sector to scale & hire right, every time
BPM: Because People Matter
UK recruitment and labour market report:
Insights and analysis for candidates and IT companies wanting to scale!
BPM Tech: Summary of KPMG and REC, UK Report on Jobs
Growth in pay for perm and temp staff provide the optimism in the market. ????
April 2024 Summary:
1.?????? Permanent hires are down again, although the rate of decline in April was slower than previous months! Room for some optimism perhaps?!
2.?????? Contractor demand in April fell overall, but again at a slower rate than previous months. We did see a slight increase in temp vacancies for April so it is not all doom and gloom.
3.?????? If you want a positive stat then I suggest skipping point number 3. Figures form the ONS show a decrease in vacancies in the 3 months that led up to March 2024, down 13,000 compared to the vacancies in the 3 months that led up to December 2023.
4.?????? Staff availability is on the rise with April seeing the highest rise in the past 5 months, with redundancies being the main cause of this. Alongside this, there was a general increase in people looking for new opportunities, both permanent and temp staff
5.?????? Finally some good news, pay! Pay rates rise once again with firms willing to raise salaries and day rates in order to attract the best talent to their organisation. The ONS reported average weekly earnings across the UK rose by 5.6% over the three months to February 2024. If you are thinking about what sector to be working in, public sector is the place to be as their earnings rose at a faster rate than the private sector!
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What is going on at BPM Tech:
We’re always looking at new ways to engage with the market, and bring insight to you, the people (Name the movie quote if you can). Our director, Ben, has been recording podcasts with IT professionals, predominantly HealthTech and shall be releasing the 1st series in the upcoming weeks! He wants feedback and is looking for anyone who is interested in getting involved in the 2nd series! Join the group on LinkedIn https://www.dhirubhai.net/groups/8166717/
About BPM Tech:
BPM are consulting with clients across key areas of workforce planning, talent pooling, attraction, engagement and retention of key staff
BPM Tech are a Carbon Offset Recruitment Talent Partner specialising in IT, Change and SaaS Sales, offering best in class candidates and client experience, utilising BPM’s award winning talent dashboard and platform, CORE powered by BPM
To arrange a CORE demonstration, discuss how BPM offset your carbon footprint, add value to your job search or position you as an employer of choice, please visit www.bpmtech.co.uk or follow the links in the comments
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