British employers increasingly struggle to fill vacancies: Survey
Published on May 9, 2014 10:16 AM
LONDON (Reuters) - British employers are offering higher pay as the pool of good job candidates dries up at its fastest rate in nearly a decade, according to a survey which may worry the Bank of England.
The availability of staff to fill permanent positions in April fell at its sharpest pace since October 2004, the Recruitment and Employment Confederation (REC) said on Friday.
The decline in the availability of temporary workers was the steepest since December 2000.
"The jobs market could be jeopardised with thousands of employers not able to find the skills and talent they need to meet increasing demand," REC chief executive Kevin Green said.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!