Report on Jobs February Round Up

The Report on Jobs is unique in providing the most comprehensive guide to the UK labour market, drawing on original survey data provided by recruitment consultancies and employers to provide the first indication each month of labour market trends.

The main findings for February are:

Softer, but still rapid increase in hiring activity

UK recruitment consultancies recorded a further robust increase in hiring activity during February amid reports of rising workloads at clients and greater confidence in the outlook. That said, permanent placement growth eased to an 11-month low and temp billings also expanded at a softer pace, with recruiters frequently stating that candidate shortages had limited their ability to fill roles.

Candidate supply falls at quickest rate for three months

The total availability of candidates fell at the sharpest rate since last November in February, driven by steeper falls in both permanent and temp staff supply. Lower candidate numbers were generally attributed to ongoing tight labour market conditions and robust demand for staff. There were also reports that the pool of candidates was limited due to lingering pandemic-related uncertainty and fewer foreign applicants.

Vacancy growth accelerates for first time since last July

Overall vacancies expanded at the quickest rate for three months in February. This marked the first acceleration of growth since last July, and was driven by sharper rises in demand for both permanent and temporary staff.

Pay pressures sharpen in February

Recruiters continued to see intense competition for workers in February, leading to further steep increases in rates of starting pay for both permanent and short-term staff. Notably, permanent starters’ salaries rose at the second-sharpest pace since data collection began in October 1997.

Fresh Concept HS2 Euston station design revealed

HS2 has revealed fresh concept designs for the Euston terminus based on a less complex, more efficient, 10-platform station that can now be built in a single stage.

Arched station roof swapped for easier to build geometric design

Arched station roof swapped for easier to build geometric design

Mace Dragados JV, HS2’s station construction partner, has worked with the design consortium of Arup, WSP and Grimshaw Architects to refine and value engineer the design to reduce costs.

Original concept HS2 Euston station design.

The original arched station roof has been swapped for an easier-to-build geometric roof design that allows natural light to flood into the 300m long station concourse below.

Elements of the new roof design can be prefabricated off-site, and installed using modular construction techniques, reducing costs, carbon emissions and local disruption.

The HS2 station will be set across three levels, with 10 subsurface platforms that are 450m long.

The 300m long ground-level concourse will open out onto new public spaces at the north and south entrances.

The station hall – 20% larger than Trafalgar Square – will become the largest station concourse in the UK.

Retail and station facilities will be available on the ground and first floor, underneath the top-lit station roof.

Construction of the HS2 station will also support 3,000 jobs at peak and will offer hundreds of contract opportunities through the supply chain.

MDJV recently began a multi-year procurement of packages worth £500m for work on the HS2 station and the London Underground at Euston and Euston Square which will provide improved connections for passengers.

Taking account of the recommendations of the independent Oakervee review, the design integrates the HS2 station with the existing Network Rail station and emerging plans for over site development, led by Lendlease.

Lendlease, the Government’s appointed Master Development Partner at Euston, has started an 18-month long public consultation to seek the views of the local community about what would be of value to them in the development.