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Recruitment grows as vacancies and salaries increase, study finds

Wednesday 03 November 2010 by Gina Le Prevost

People hunting finance jobs may be interested in a new study, which has found the growth of recruitment is still increasing, albeit at the slowest rate since August 2009.

The statistics compiled by the Recruitment and Employment Confederation (REC) and accountancy firm KPMG showed both permanent and temporary vacancies had risen slightly in October.

It also indicated that starting salaries increased and the availability of temporary and contracted working grew faster than at any time in the past seven months.

Kevin Green, chief executive of the REC, said the government needed to do more to encourage businesses to hire, including removing unnecessary legislation and reducing taxes.

However, he did state he was "confident that the private sector will ultimately be able to offset public sector job losses".

The news comes as the Chartered Institute of Personnel and Development warned that the sector would need to create 1.6 million jobs in the next six years to offset the effects of government spending cuts and VAT rise.