India, Feb. 8 -- UK starting salary inflation reached the lowest in nearly three years in January amid rising staff supply, a report compiled by S&P Global showed on Thursday. Permanent salary inflation remained high in January but the rate of growth was the softest since March 2021, the KPMG/REC Report on Jobs said.
On the other hand, temp wage growth rose to a five-month high. Competition for skilled staff continued to lift pay rates higher. That said, pressure on client budgets limited overall pay growth.
Permanent placements declined at an accelerated pace, while the downturn in temp billings remained mild. Firms often paused recruitment plans amid subdued economic conditions.
Further, vacancies declined at a marginal pace in January...