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The latest Reed Job Index reveals that both salaries and the number of job vacancies rose in February, with demand for graduate jobs markedly increased.
The average staring salary rose by 5 per cent in the period. The Index also disclosed that the average wage now for permanent jobs online was just over £34,000.
The total index for February increased a further one point on January’ index, which had already improved 4 points since the base was set at 100 in December.
The need for new people to fill graduate jobs gave impetus to the figures – along with a spike in demand for Human Resources professionals. There were also rises in the index in employer demand for financial sector jobs and IT jobs.
Managing director of Reed, Martin Warnes, said that employer demand was slowly but steadily coming back to the graduate job, and more general job market, as the number of new job opportunities becoming available continued to rise.
Warnes added that: “Most striking is just how many more people are actively jobseeking now than at any time over the last couple of years. Pent up demand from people who felt trapped in their jobs throughout the recession seems to have been released with the first signs of returning confidence. Employed applicants have flooded back into the job marketplace since the beginning of the year, and are now actively competing with unemployed people, new entrants, graduates and returners.”
This was backed up by the fact that the number of applicants for each job had risen to almost 20 in February – up around 50 per cent in 12 months.
That’s all the more reason to start your search for a graduate job in a timely fashion to make sure you are at the top of the list of graduate employables. Search through the sectors of graduate careers that you are interested in now in the E4S graduate job search section.
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