Pay Rates Rise in London in June
Latest survey data from the Bank of Scotland London Labour Market Report signalled a further rise in staff appointments in June. Temp billings rose at the strongest pace for almost five-and-a-half years, while permanent placements also rose.
Employee pay rates increased in June, in part driven by skill shortages. Permanent staff salaries rose at the sharpest rate for nineteen months, while temp pay rates also increased.
The reportís unique ëBarometerí came was unchanged from May but continued to signal a strong rate of labour market growth.
Commenting, Tim Crawford, Group Economist at Bank of Scotland, said: ìJuneís survey showed that the Capital’s labour market continues to perform well but it also highlighted intensifying pay pressures in London. Recruiters continued to report difficulties finding qualified candidates, particularly permanent staff. Many companies used short-term workers to fill vacancies, resulting in the strongest increase in temp billings for over five years.î
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London Labour Market Report
Latest survey data from the Bank of Scotland London Labour Market Report signalled a further rise in staff appointments in June
