Commercial Finance People recruitment consultants and contributors to KPMG’s monthly ‘Report on Jobs’ (see excerpt below and link at page footer) report that skills shortages in specialist sectors, combined with organisations becoming increasingly selective in their requirements to support their long-term growth plans, is resulting in an upward trend in salaries being offered.

Permanent salaries

Starting salaries awarded to successful candidates placed in permanent jobs rose for a ninth consecutive month in July. Moreover, the rate of inflation accelerated to the strongest since February 2008. Just under 17% of panellists reported an increase in salaries during the latest survey period, which they attributed to stronger demand for permanent staff and shortages of quality candidates.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Re-published with kind permission of Markit