[UK] HR salaries are rising as application numbers fall

According to the latest industry data, UK employers seeking HR skills are increasing salaries to address falling application numbers, ResponseSource reports. 

The insights from the Association of Professional Staffing Companies (APSCo) - based on data provided by Veritone Hire - revealed that HR salaries increased by 5 per cent year-on-year in July and by 6 per cent over the last three months, as employers worked to overcome acute skills shortages. 

Application numbers for contract and permanent positions have reportedly dropped at an alarming rate - down 24 per cent and 11 per cent respectively over the last month - with organisations struggling to fill roles. 

Such figures echo a trend observed over the last year which saw HR applications drop by 36 per cent for contract assignments and 28 per cent for permanent jobs.

The data indicates that employers have increased salaries to attract new hires amid talent scarcity, however, existing staff are also likely to be receiving pay rises to help organisations’ retention strategies.

Ann Swain - Global CEO at APSCo - said, “We have seen a significant fall in both permanent and contract HR job numbers over the last year. However, what is more concerning is the drop noted in application numbers. Employers are attempting to tackle this skills deficit by boosting salaries to not only attract more talent but also help their existing staff manage inflationary and other financial pressures driven by the cost-of-living crisis. Employers will certainly be hoping that the new government may signal a change in fortunes for what has been a relatively beleaguered sector.”

Source: ResponseSource

(Quote via original reporting)

According to the latest industry data, UK employers seeking HR skills are increasing salaries to address falling application numbers, ResponseSource reports. 

The insights from the Association of Professional Staffing Companies (APSCo) - based on data provided by Veritone Hire - revealed that HR salaries increased by 5 per cent year-on-year in July and by 6 per cent over the last three months, as employers worked to overcome acute skills shortages. 

Application numbers for contract and permanent positions have reportedly dropped at an alarming rate - down 24 per cent and 11 per cent respectively over the last month - with organisations struggling to fill roles. 

Such figures echo a trend observed over the last year which saw HR applications drop by 36 per cent for contract assignments and 28 per cent for permanent jobs.

The data indicates that employers have increased salaries to attract new hires amid talent scarcity, however, existing staff are also likely to be receiving pay rises to help organisations’ retention strategies.

Ann Swain - Global CEO at APSCo - said, “We have seen a significant fall in both permanent and contract HR job numbers over the last year. However, what is more concerning is the drop noted in application numbers. Employers are attempting to tackle this skills deficit by boosting salaries to not only attract more talent but also help their existing staff manage inflationary and other financial pressures driven by the cost-of-living crisis. Employers will certainly be hoping that the new government may signal a change in fortunes for what has been a relatively beleaguered sector.”

Source: ResponseSource

(Quote via original reporting)