Since the start of the year there has been a steady increase in opportunities across all sectors of the economy. In part, this has been driven by churn, as candidates have become more confident about moving, and a lack of opportunities in their current position; but also as a consequence of businesses restructuring, and in the process up-skilling their HR teams.

Across the economy, industry and commerce has been the most buoyant area. Despite well publicised news of a slow down on the high street, retailers have continued to hire as has the services sector.

The financial services market is more subdued, which reflects the slow down in revenue growth from the sector and an increased scrutiny on costs. Somewhat surprisingly not-for-profit and the public sector have continued to hire, especially charities, NHS and housing associations. Equally the much talked of redundancies are yet to materialise. 

Unlike in previous recoveries, where the temporary market place has been a key driver of growth, this time round it has mainly been permanent led. Client behaviour has not changed significantly since the start of the year. Thus there will be multiple interview stages to many campaigns and clients are prepared to wait for the right candidates, whereas in the past they would compromise on some criteria.

Equally, in most instances candidates will be subject to an attempt to buy-back. This reflects the client's appreciation that quality candidates are in short supply.

I expect the recovery to remain at a similar level for the next three months. Dependent on the myriad economic statistics and the tone of economic/political media coverage, there will certainly be dips in confidence over the next six months.

Whether recovery will be strong enough for employers to remain as active over the quieter summer months remains to be seen, but with a growing consensus that the worst is behind us, the medium-term outlook is as positive now as it has been for some time.

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