JOBS VACANCIES
CAREERS
RECRUITMENT APPOINTMENTS JOBS
VACANCIES
CAREERS
Market Update
Feedback from the frontline, by Anthony Hesse, MD of Property Personnel.
I
rrespective of all this disruptive weather, the exciting news is that we have noticed a dramatic increase in the number of vacancies registered with us compared with this time last year. Sales vacancies are up by over 300 per cent and Lettings vacancies by over 150 per cent. As I write we have just had our best two weeks for over two years. Suddenly we are struggling to
find candidates again and so are our clients judging by the number of calls we are receiving asking for staff. “Where have they all gone?” is a phrase we are hearing all too often from frustrated employers with empty desks that need staffing. It is quite evident that the majority of people who have left
the industry in the last few years have gone forever. Perhaps this is a prime example of Darwin’s theory of evolution at work in estate agency, with it truly being a case of natural selection and survival of the fittest! For us recruiters, the market is
equally frustrating. At least 75 per cent of our current vacancies are for an experienced sales or lettings negotiator with 12-18 months experience. Unsurprisingly, such a candidate is nigh on impossible to find. The reason is quite simple – Nobody was recruiting 12-18 months ago! What this does mean is that more and more of our clients are open to employing inexperienced staff. About one in four people we have placed this
year have been at trainee level. There is, however, a
contradiction in the market. Whilst we are experiencing a strong uplift in trading conditions, we still have a number of highly experienced candidates registered with us who are struggling to find a job. Employers are being extremely fussy, particularly at a more senior level. If the job specification lists ten criteria that need satisfying, then unless all 10 boxes are ticked they will not employ. With regards to more experienced job hunters, flexibility and a harsh dose of realism are the keys if they are to be successful. Too many of our candidates are holding out for too much money and they just wont get it at the moment. Overall it is
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good news though with the demand for staff becoming even stronger than it was at the start of the year. This is not only the case in estate agency. According to the latest UK labour market monthly report on jobs (produced by KPMG in association with the Recruitment & Employment Confederation) the last two months have seen the fastest rise in permanent staff placements throughout the UK for thirty months! In fact, the growth in the number of staff being employed throughout the UK is the strongest since July 2007. Reassuringly, we at Property Personnel are witnessing the same market conditions. For us in estate agency, the worst seems to be over.
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