New data from the Association of Professional Staffing Companies (APSCo) shows that contract placements in finance have experienced a boom of 24% whilst permanent placements have slipped 6%. The report cities uncertainty around the City’s future post-brexit as deterrent to making permanent hires in the sector.
The report also shows that permanent placements have declined 1% year-on-year in January 2017, counterbalanced by contract placements increasing 2%
Engineering was the only other sector that enjoyed modest growth in temporary hiring, with contract placements increasing by 3%. The report attributes this to the number of large-scale infrastructure projects currently underway across the UK, coupled with a shortage of skills in the sector, as reported by Industry board, Engineering UK in February.
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