India, Aug. 11 -- UK job placements logged a steep decline in July due to weaker confidence around the economic outlook and rising employment costs, monthly data from S&P Global showed Monday.
Permanent staff appointments declined sharply in July and temp billings registered its biggest fall in five months, the KPMG/REC Report on Jobs said.
Starting salary inflation fell to its lowest since March 2021. Respondents cited that there were reports of some companies offering greater salaries for highly skilled candidates, while other panellists commented that lower demand for staff, greater candidate availability and concerns around costs weighed on growth.
At the same time, temp pay inflation also eased in July with wages rising at a margina...