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Brexit causes rise in temp jobs, but slowdown in permanent vacancies

Executive Grapevine | Executive Grapevine International Ltd


With economic uncertainties following the result of the EU referendum, specialist recruitment firm PageGroup have reported a slowdown in permanent vacancies.

PageGroup reports that they have seen an increase in temporary positions over offering permanent contracts, a downturn in public sector jobs and fewer openings at London banks.

Steve Ingham, Chief Executive Offerice at PageGroup, told The Evening Stadard: “The rise in temporary jobs in the UK is a reaction to the uncertainty from the EU referendum vote.

“But it’s too early to call. Have we seen the odd job cancelled, the odd candidate not accept an offer? Yes, but any significant impact hasn’t happened."

In the UK sector, Page’s fees fell 2.3% in the second quarter as its UK public sector jobs business fell nine per cent, and financial services was down by seven per cent.

Ingham said that the UK brings in a quarter of PageGroup’s total fees.

However, it’s not all doom and gloom as PageGroups’s legal sector was up 23%.

“There’s an underlying trend of increasing governance and compliance in business,” Ingham said. 

In continental Europe and Latin America, better job prospects saw the firms’ pre-tax profit grow 3.6% to £299.2 million in the first-half of the year.

Executive Grapevine | Executive Grapevine International Ltd
Executive Grapevine | Executive Grapevine International Ltd
Executive Grapevine | Executive Grapevine International Ltd