Report on jobs November 6th

Slowest rise in permanent placements for
over two-and-a-half years
The Bank of Scotland Report on Jobs is
produced by Markit.
The report is designed to provide the
most up-to-date picture of labour market
trends in Scotland. The report is based on
a monthly questionnaire survey of around
100 recruitment and employment agencies
operating in Scotland.
The report uses an identical methodology to
the highly regarded UK survey of recruitment
consultancies conducted by Markit on behalf
of the REC and KPMG.
For further information please contact:
Bank of Scotland Press Office
The Mound
Edinburgh, EH1 1YZ.
Tel: 0131 655 5405
e-mail: ZoeRedhead@bankofscotland.co.uk
Markit Economics
Henley on Thames
Oxon, RG9 1HG, UK
Tel: +44 1491 461000
Fax: +44 1491 461001
Recruitment consultancies in Scotland recorded
only a marginal rise in permanent placements in
October, the weakest for more than two-and-a-half
years. The latest Bank of Scotland Report on Jobs
also showed the slowest growth in salaries since
August 2013. However, there were some positive
developments in the temporary jobs market, with
demand for contract workers rising at the strongest
rate so far in 2015 and growth in hourly pay rates
at a 20-month high.
Marginal rise in permanent placements
October saw a thirty-second straight monthly rise
in the number of people placed in permanent jobs
in Scotland. However, the latest increase was only
marginal and the slowest in this sequence. That
compared with a rebound in growth at the national
level from a 30-month low in September.
Growth in billings received from the employment
of temporary staff meanwhile eased to a moderate
pace, and one that was the slowest in three months
and below the UK average.
Salary growth eases to 26-month low
Scottish recruiters recorded a further slowdown
in the rate of growth in permanent salaries, the
fourth month running in which that has been the
case. Salary inflation in October was actually the
weakest since August 2013, falling just below the
long-run series average.
In contrast, hourly rates of pay for temporary
workers rose at a faster pace, the sharpest since
February 2014.
Demand for staff rises; candidate
availability falls
Demand for staff among Scottish businesses
continued to strengthen during October. In the case
of temporary staff, growth was in fact the fastest
seen so far in 2015. IT & Computing saw the most
marked increase in demand for permanent staff,
while Nursing/Medical/Care led growth in demand
for temporary workers. However, the number
of Blue Collar vacancies decreased during the
month.
Finally, October’s survey showed a further
deterioration in candidate availability in Scotland,
particularly those seeking permanent employment.
That said, the decline in candidate availability was
much slower than that seen at the UK level.
1 Employment
2 Vacancies
3 Sectoral demand: perm
4 Sectoral demand: temp
5 Staff availability
6 Pay pressures
7 UK regional summary
The intellectual property rights to the Report on Jobs
for Scotland provided herein is owned by or licensed to
Markit. Any unauthorised use, including but not limited
to copying, distributing, transmitting or otherwise of
any data appearing is not permitted without Markit’s
prior consent. Markit shall not have any liability, duty or
obligation for or relating to the content or information
(“data”) contained herein, any errors, inaccuracies,
omissions or delays in the data, or for any actions taken
in reliance thereon. In no event shall Markit be liable
for any special, incidental, or consequential damages,
arising out of the use of the data. Markit is a registered
trade mark of Markit Group Limited.
Summary of survey indicators
35 40 45 50 55 60 65
Permanent placements
Index, 50 = no change on previous m onth
Decrease Increase
TEMPS
Demand for permanent staff
Permanent salaries
Availability of permanent staff
Temp billings
Demand for temporary staff
Temp pay rates
Availability of temporary staff
PERMANENT
DEMAND FOR PERMANENT STAFF
Types of staff ranked by strength of
demand in Scotland in October 2015
1 IT & Computing
2 Accounts & Financial
3 Nursing/Medical/Care
4 Hotel & Catering
5 Engineering & Construction
6 Secretarial & Clerical
7 Executive & Professional
8 Blue Collar
DEMAND FOR TEMP/CONTRACT STAFF
Types of staff ranked by strength of
demand in Scotland in October 2015
2 Hotel & Catering
3 Secretarial & Clerical
4 IT & Computing
6 Accounts & Financial
7 Executive & Professional
8 Blue Collar
Bank of Scotland Report on Jobs
Key findings:
n Permanent appointments up only marginally as growth slows to 32-month low
n Salaries inflation eases to 26-month low; temp wage growth accelerates
n Candidate availability remains in decline, albeit falling at slower rate than UK average
November 2015

Latest data showed a slowdown in the
rate of growth in permanent placements
in Scotland. October’s rise in permanent
appointments was in fact the weakest seen
for more than two-and-a-half years and
only marginal overall.
In contrast, the UK as a whole saw a
rebound in growth of permanent placements
at the start of the fourth quarter, up from a
30-month low in September to the fastest
seen since June.
Employment
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
30
35
40
45
50
55
60
65
70
Line: UK
ScotlandBars:
Increasing rate of decline
Increasing rate of growth
50 = no change on previous month
2015 May 38.0 30.0 32.0 6.0 53.0 52.5 55.1 56.8
Jun 40.0 38.0 22.0 18.0 59.0 55.0 59.1 56.4
Jul 41.2 37.3 21.6 19.6 59.8 57.2 55.4 54.5
Aug 26.5 38.8 34.7 -8.2 45.9 52.4 50.9 54.2
Sep 35.7 32.1 32.1 3.6 51.8 52.6 53.9 52.3
Oct 35.7 32.1 32.1 3.6 51.8 50.4 56.4 55.2
Higher Same Lower Net Index S.Adj. Index S. Adj.
% % % +/- 50 = no chg Index 50 = no chg Index
Scottish recruitment consultancies
recorded a rise in average weekly billings
from temporary staff in October, as has
been the case every month since February.
The rate of growth was moderate, having
eased further from August’s recent peak to
the slowest in three months.
For the first time since July, Scotland
saw a slower increase in temporary billings
than the UK as whole, for which growth
was at a three-month high during the latest
survey period.
1
2015 May 28.2 51.3 20.5 7.7 53.8 54.4 59.6 59.0
Jun 38.5 46.2 15.4 23.1 61.5 55.1 62.4 58.3
Jul 39.0 36.6 24.4 14.6 57.3 52.6 60.7 56.6
Aug 44.1 38.2 17.6 26.5 63.2 57.7 53.2 54.4
Sep 36.4 36.4 27.3 9.1 54.5 54.5 54.1 51.5
Oct 39.1 39.1 21.7 17.4 58.7 53.8 57.4 55.6
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
30
35
40
45
50
55
60
65
70
Line: UK
ScotlandBars:
Marginal rise
in permanent
appointments.
Moderate growth in
temporary billings.
All Intellectual Property Rights owned by Markit
All UKScotland
Permanent Staff Placements
Q. Is the number of people placed in permanent jobs higher, the same or lower than one month ago?
Temporary/Contract Staff Billings
Q. Are average weekly billings from temporary/contract staff higher, the same or lower than one month ago?
All UKScotland

The Vacancy Index, shown by the bars
in the chart on the right, is derived from
the sectoral indexes of the demand for
permanentstaffatrecruitmentconsultancies
(shown on page 4). The Permanent Staff
Vacancy Index is a weighted average of the
eight individual sector indexes. The line in
the chart shows the comparable index for
the UK as a whole.
October’s survey showed a further
rise in demand for permanent staff among
businesses north of the border. The rate
of growth eased to a three-month low, but
nevertheless remained strong overall, with
the corresponding seasonally adjusted
index still above its long-run series average
of 56.9.
Across the UK as a whole demand for
permanent staff increased sharply, with
the rate of growth little-changed from the
previous month and again faster than in
Scotland.
Scottish consultancies noted that the
strongest rise permanent job vacancies
was in IT & Computing, while the only
decrease was in Blue Collar.
Vacancies
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
25
30
35
40
45
50
55
60
65
70
Line: UK
ScotlandBars:
Index S.Adj. Index S. Adj.
50 = no chg Index 50 = no chg Index
2
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
25
30
35
40
45
50
55
60
65
70
Line: UK
ScotlandBars:
Slower, albeit still-
strong, growth in
permanent staff
demand.
Latest rise in temp
vacancies fastest for
ten months.
The Vacancy Index, shown by the bars
in the chart on the right, is derived from
the sectoral indexes of the demand for
temporary and contract staff (shown on
page 5). The Temporary Staff Vacancy Index
is a weighted average of the eight individual
sector indexes. The line in the chart shows
the comparable index for the UK overall.
Demand for temporary staff in Scotland
increased in October, in line with the
trend seen throughout the past six years.
Furthermore, having accelerated for the
fourth time in the past five months, the rate
of growth was strong and the fastest overall
since December 2014.
That said, the latest increase in
temporary vacancies in Scotland was less
marked than that seen at the UK level,
where growth quickened slightly from a 27-
month low in September.
Six of the eight jobs categories
monitored by the survey recorded higher
demand for temporary staff, the strongest
rises being in Nursing/Medical/Care and
Hotel & Catering respectively.
Index S.Adj. Index S. Adj.
50 = no chg Index 50 = no chg Index
2015 Apr 59.2 58.8 65.9 65.5
May 57.8 58.5 61.2 63.6
Jun 60.3 59.4 66.3 64.3
Jul 49.8 56.1 64.6 63.5
Aug 60.7 59.6 63.3 63.3
Sep 63.0 60.9 62.5 62.0
Oct 52.6 57.7 62.0 62.1
2015 Apr 53.4 54.3 61.7 63.6
May 52.9 54.3 59.7 61.2
Jun 52.3 55.4 65.1 62.2
Jul 60.1 56.6 63.9 61.8
Aug 55.9 56.2 61.0 60.4
Sep 55.0 56.6 59.2 59.1
Oct 61.1 57.0 61.1 59.7
Demand for Permanent Staff at recruitment/employment consultancies
Demand for Temporary/Contract Staff at recruitment/employment consultancies
All UKScotland
All UKScotland
November 2015

Sectoral demand – permanent
20
30
40
50
60
70
80
Blue Collar
Scot
UK
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
30
40
50
60
70
80
UK
Scot
r Text Nov. 3, 2015 2:42:25 PM
20
30
40
50
60
70
80 Hotel & Catering
UK
Scot
20
30
40
50
60
70
Scot
UK
sector was still much stronger than that seen
in the second-highest ranked sector (see
table), Accounts & Financial, where growth
picked up in October.
The only other categories that saw faster
increases in permanent job openings
were Hotel & Catering and Engineering
& Construction (ranked fourth and fifth
respectively), the rates of growth the sharpest
in six months in both cases.
Nursing/Medical/Care recorded a strong
rise in demand for permanent staff, but one
that was the weakest since May.
Modest increases in permanent vacancies
were registered in Secretarial & Clerical and
Executive & Professional. However, Blue
Collar saw a decrease for the fourth month
running.
3 Permanent vacancies
Data below are derived from the monthly survey of recruitment consultancies in Scotland. Consultants are requested to
compare the demand for staff according to sector with the situation one month ago. Data are presented in the form of
diffusion indices whereby a reading of 50 indicates no change on the previous month. Readings above 50 signal stronger
demand than a month ago. Readings below 50 signal weaker demand than a month ago.
Demand for
permanent staff
grows fastest in IT &
Computing.
Further decrease in
Blue Collar vacancies.
May'15 73.0 64.6 50.1 66.4 61.5 65.3 57.0 63.2 61.0 67.3 55.6 56.0 55.3 62.5 54.8 57.8
Jun 68.5 64.5 54.0 65.9 63.9 64.7 58.8 62.8 67.3 70.2 54.1 56.5 54.9 62.1 52.3 59.9
Jul 64.8 62.6 52.2 65.3 59.3 64.5 52.3 61.3 74.6 69.9 55.8 55.4 52.4 63.4 49.2 58.9
Aug 71.9 64.1 52.3 64.9 64.7 66.4 56.7 61.5 78.7 70.1 54.7 55.8 55.4 65.0 45.5 58.8
Sep 74.5 63.2 56.4 63.8 60.9 65.7 59.6 60.8 71.2 64.9 57.8 52.9 56.9 65.0 44.2 54.0
Oct 71.1 64.3 51.4 62.7 63.6 66.4 52.8 61.5 63.3 63.5 59.1 51.8 57.1 63.2 44.1 54.2
IT & Executive & Accounts & Secretarial Nursing/ Hotel & Engineering & Blue
Computing Professional Financial & Clerical Medical/Care Catering Construction Collar
Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK
20
30
40
50
60
70
80
90 IT & Computing
UK
Scot
20
30
40
50
60
70
80
Executive & Professional
UK
Scot
20
30
40
50
60
70
80 Accounting & Financial
Scot
UK
20
30
40
50
60
70
80
Secretarial & Clerical
Scot
UK
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
As was the case in the previous survey period,
demand for permanent staff rose in seven of
the eight jobs categories monitored, led by
strong growth in IT & Computing. Although
weaker than in September, the latest rise in
permanent vacancies in the IT & Computing
Sectors ranked by demand for permanent
staff in Scotland in October 2015
Rank Sector Index
1 IT & Computing 71.1
2 Accounts & Financial 63.6
3 Nursing/Medical/Care 63.3
4 Hotel & Catering 59.1
5 Engineering & Construction 57.1
6 Secretarial & Clerical 52.8
7 Executive & Professional 51.4
8 Blue Collar 44.1
Demand for permanent staff (Seasonally adjusted, 50 = no change on previous month)

Sectoral demand – temporary
20
30
40
50
60
70
80 Blue Collar
Scot
UK
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
30
40
50
60
70
80
90
UK
Scot
30
40
50
60
70
80 Hotel & Catering
UK
Scot
20
30
40
50
60
70
80
Engineering & Construction
Scot
UK
The sharpest overall rise in demand for
temporary staff was in Nursing/Medical/Care,
where growth accelerated for the fourth month
running to the fastest since March.
Hotel & Catering and Secretarial &
Clerical, ranked second and third respectively
(see table), also recorded strong increases in
temporary vacancies that were faster than in
the previous month.
The rate of growth of temporary job
openings in IT & Computing (ranked fourth)
eased to the slowest since June, but
nevertheless remained marked and slightly
faster than in Engineering & Construction.
Executive & Professional and Blue Collar
were the only two areas that saw falls in temp
staff demand. In the case of the latter, the drop
was the second-fastest since January 2010.
4 Temporary/contract vacancies
Data below are derived from the monthly survey of recruitment consultancies in Scotland. Consultants are requested to
compare the demand for staff according to sector with the situation one month ago. Data are presented in the form of diffusion
indices whereby a reading of 50 indicates no change on the previous month. Readings above 50 signal stronger demand than
a month ago. Readings below 50 signal weaker demand than a month ago.
Nursing/Medical/Care
sees strongest rise in
temp staff demand.
Solid drop in Blue
Collar temp openings.
May'15 64.2 60.4 46.0 59.9 54.1 60.2 59.0 61.9 57.7 66.6 54.4 58.3 58.4 60.9 45.7 61.5
Jun 59.6 60.3 46.9 59.2 53.5 60.6 62.0 61.8 53.2 68.9 59.7 58.0 62.3 60.8 47.5 61.4
Jul 64.3 59.4 50.0 58.2 53.5 60.8 56.4 61.1 55.3 67.0 64.6 57.9 64.4 62.7 50.7 60.3
Aug 62.8 59.1 46.0 56.2 52.0 61.1 52.9 59.8 56.6 68.0 68.3 61.3 61.8 62.8 54.2 60.4
Sep 66.7 59.1 53.0 54.8 55.3 59.7 55.5 59.4 61.1 64.6 65.0 58.0 58.3 61.0 50.5 58.6
Oct 61.0 60.3 48.4 54.1 53.3 59.8 62.7 60.3 67.6 64.2 65.1 60.6 59.0 57.8 46.7 59.4
IT & Executive & Accounts & Secretarial Nursing/ Hotel & Engineering & Blue
Computing Professional Financial & Clerical Medical/Care Catering Construction Collar
Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK Scot UK
30
40
50
60
70
80
IT & Computing
UK
Scot
20
30
40
50
60
70
Executive & Professional
UK
Scot
20
30
40
50
60
70
80 Accounting & Financial
Scot
UK
20
30
40
50
60
70
80
Secretarial & Clerical
Scot
UK
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Trends in temporary staff demand at the sector
level showed great variation in October, with
some categories seeing renewed falls in the
number of vacancies, while others recorded
strong growth, in some cases faster than in
September.
Sectors ranked by demand for temp/contract
staff in Scotland in October 2015
Rank Sector Index
1 Nursing/Medical/Care 67.6
2 Hotel & Catering 65.1
3 Secretarial & Clerical 62.7
4 IT & Computing 61.0
5 Engineering & Construction 59.0
6 Accounts & Financial 53.3
7 Executive & Professional 48.4
8 Blue Collar 46.7
Demand for temporary/contract staff (Seasonally adjusted, 50 = no change on previous month)
November 2015

October saw a further deterioration in the
availability of candidates for permanent
vacancies in Scotland. The degree to
which numbers decreased was sharp and
slightly more marked than in September.
Around 38% of consultancies recorded a fall
permanent candidate supply, versus 21%
that noted an improvement.
However, the reduction in permanent
candidate availability in Scotland was less
severe than across the UK as a whole, as
has been the case in each of the past five
months.
Staff availability
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
Line: UK
ScotlandBars:
Deteriorating availability
Improving availability
2015 May 20.0 30.0 50.0 -30.0 35.0 33.5 34.5 35.3
Jun 14.3 36.7 49.0 -34.7 32.7 36.7 34.6 36.4
Jul 19.2 44.2 36.5 -17.3 41.3 38.5 31.5 34.2
Aug 21.3 34.0 44.7 -23.4 38.3 43.9 28.9 32.0
Sep 14.5 52.7 32.7 -18.2 40.9 42.5 36.7 35.8
Oct 21.4 41.1 37.5 -16.1 42.0 42.0 38.1 37.3
The availability of candidates for temporary
vacancies north of the border decreased
marginally in October. This was highlighted
by the corresponding seasonally adjusted
index registering just below the 50.0 no-
change mark, at its highest level in the
current 30-month sequence of falling
temporary candidate numbers.
At the UK level, the rate of deterioration
in temporary candidate availability was
sharp and slightly faster than that recorded
in the preceding survey period.
5
2015 May 21.1 34.2 44.7 -23.7 38.2 37.1 38.0 38.9
Jun 12.2 48.8 39.0 -26.8 36.6 37.6 38.4 39.4
Jul 16.7 42.9 40.5 -23.8 38.1 43.5 38.7 41.1
Aug 17.6 61.8 20.6 -2.9 48.5 48.5 34.2 38.5
Sep 11.6 58.1 30.2 -18.6 40.7 46.7 39.7 40.7
Oct 26.7 40.0 33.3 -6.7 46.7 48.9 38.1 40.2
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
30
35
40
45
50
55
60
65
70
75
80
85
90
Line: UK
ScotlandBars:
Deteriorating availability
Improving availability
Further sharp drop in
permanent candidate
availabilty.
Temp candidate
supply drops only
slightly.
Q. Is the availability of candidates for permanent vacancies better, the same or worse than one month ago?
Q. Is the availability of candidates for temporary vacancies better, the same or worse than one month ago?
Availability of Permanent Staff
Availability of Temporary/Contract Staff
All UKScotland
All UKScotland

Permanent salary inflation in Scotland
slowed further in October. Adjusted for the
influence of seasonal factors, the Permanent
Salaries Index fell for the fifth time in the past
six months and registered at its lowest level
since August 2013, albeit one that was still
indicative of a solid rate of pay growth.
The rise in permanent salaries north of
the border was much less marked than that
seen across the UK as a whole, where the
rate of inflation picked up slightly and was
comfortably faster than respective the long-
run average.
Pay pressures
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
35
40
45
50
55
60
65
70
Line: UK
ScotlandBars:
2015 May 32.0 62.0 6.0 26.0 63.0 61.4 64.3 63.7
Jun 30.0 64.0 6.0 24.0 62.0 62.0 63.2 62.7
Jul 27.5 60.8 11.8 15.7 57.8 58.8 63.1 61.4
Aug 27.1 60.4 12.5 14.6 57.3 56.8 62.1 61.8
Sep 16.1 76.8 7.1 8.9 54.5 55.7 61.3 60.9
Oct 17.5 71.9 10.5 7.0 53.5 55.1 61.2 61.5
In contrast to the trend in permanent starting
salaries in Scotland, hourly rates of pay for
temporary staff increased at faster pace
during October. The extent to which temp
wages rose at the start of the fourth quarter
was in fact among the greatest seen since
the survey started in 2003.
Furthermore, the rate of growth was
faster than the UK average, marking the
third month running in which that has been
the case.At the UK level, temp wage inflation
was broadly unchanged from September’s
one-and-a-half year low.
6
2015 May 31.6 57.9 10.5 21.1 60.5 59.3 55.4 57.2
Jun 15.0 80.0 5.0 10.0 55.0 55.0 56.2 56.8
Jul 21.4 71.4 7.1 14.3 57.1 54.6 57.9 57.9
Aug 30.6 61.1 8.3 22.2 61.1 58.1 56.7 56.7
Sep 20.5 75.0 4.5 15.9 58.0 57.4 56.6 55.9
Oct 31.1 66.7 2.2 28.9 64.4 60.0 58.5 56.1
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
35
40
45
50
55
60
65
Line: UK
ScotlandBars:
Salary inflation
continues to slow.
Temporary wages
surge higher.
Q. Are average salaries for permanent staff higher, the same or lower than one month ago?
Q. Are average hourly rates of pay for temporary and contract staff higher, the same or lower than one month ago?
Permanent Salaries
Temporary/Contract Staff Hourly Pay Rates
All UKScotland
All UKScotland
November 2015

7 UK regional summary
Latest figures from the ONS showed back-to-back increases
in the UK claimant count for the first time since June 2012.
September saw the number of people claiming Jobseeker’s
Allowance rise by 4,585, the largest gain in just under three
years. This took the overall claimant count to a three-month
high of 796,263. The claimant count rate* was unchanged at
2.3%, the same rate recorded in each month since March.
Regional breakdowns showed that the lowest claimant
count rate was in the South East of England (1.3%), while
the highest was in Northern Ireland (4.5%).
Scotland was one of only two regions (the other being the
North West) where the claimant count rose in September.
At 2.9%, it was the highest since February. The number of
people claiming Jobseeker’s Allowance north of the border
increased by 3,076, which was the largest monthly rise
since July 2011.
South East 60 1.3 (1)
South West 40 1.4 (2)
East of England 50 1.6 (3)
London 111 1.9 (4)
East Midlands 49 2.1 (5)
West Midlands 79 2.7 (6)
Scotland 80 2.9 (7)
Yorks & Humberside 81 3.0 (8)
NW & Merseyside 115 3.1 (9)
Wales 45 3.1 (9)
North East 46 3.8 (11)
Northern Ireland 41 4.5 (12)
United Kingdom 796 2.3
Unemployment (Sep ’15)
Region ‘000s Rate (%)* Rank
Source: Department for Work & Pensions and National Statistics.
* As a percentage of Claimant Count + Workforce Jobs.
Survey methodology
The Bank of Scotland Survey
The Bank of Scotland survey of recruitment and employment
consultancies is based on information provided by a panel of 105
consultancies operating in Scotland. Data are collected monthly
and converted into a seasonally adjusted series. Markit do not
revise underlying survey data after first publication, but seasonal
adjustment factors may be revised from time to time as appropriate
which will affect the seasonally adjusted data series.
The information from the survey panel is also used in the
compilation of the REC monthly survey for the UK, which appears
in the monthly Report on Jobs and which uses an identical survey
methodology. (The contribution of the Scotland data to the UK data is
weighted to reflect Scotland’s share of the total labour market.)
The KPMG/REC UK Survey
The KPMG/REC monthly UK recruitment survey features original
research data from Markit, collected via questionnaire from a
panel of UK recruitment and employment consultancies. Data for
the monthly survey were first collected in October 1997 and are
collected at the end of each month, with respondents asked to
specify the direction of change in a number of survey variables.
Index numbers
Index numbers shown in the report are calculated from the
percentages of respondents reporting an improvement, no change
or decline. These indices vary between 0 and 100 with readings of
exactly 50.0 signalling no change on the previous month. Readings
above 50.0 signal an increase or improvement; readings below 50.0
signal a decline or deterioration.
Reasons given by survey respondents for any changes are
analysed to provide insight into the causes of movements in the
indices.
Bank of Scotland
Bank of Scotland is part of Lloyds Banking Group, the UK’ s largest
retail bank and Scotland’s largest financial services employer.
Established in 1695, Bank of Scotland is the UK’s oldest surviving
clearing bank.
Our goal is to be the best financial services provider in Scotland.
We believe this means we must build a leadership position not
on the basis of scale but on the foundations of reputation and
recommendation.
The Recruitment and Employment Confederation
The REC is the association for the UK’s £22.5 billion private
recruitment and staffing industry with more than 8,000 recruitment
agencies and 6,000 recruitment consultants in membership. There
are more than 1 million temporary workers registered with UK
agencies who are deployed in industry, commerce and the public
services every day.
Markit
Markit is a leading global diversified provider of financial information
services. We provide products that enhance transparency,
reduce risk and improve operational efficiency. Our customers
include banks, hedge funds, asset managers, central banks,
regulators, auditors, fund administrators and insurance companies.
Founded in 2003, we employ approximately 4,000 people in
11 countries. Markit shares are listed on NASDAQ under the
symbol MRKT. For more information, see www.markit.com.
About PMI
Purchasing Managers’ Index
®
(PMI
®
) surveys are now available for
over 30 countries and also for key regions including the Eurozone.
They are the most closely-watched business surveys in the world,
favoured by central banks, financial markets and business decision
makers for their ability to provide up-to-date, accurate and often
unique monthly indicators of economic trends. For more information
e-mail economics@markit.com.
Bank of Scotland, REC and Markit

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