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Hays Construction comments on Markit/CIPS PMI figures

05 August 2014

Duncan Bullimore, Director at Hays Construction, comments on the latest Markit/CIPS PMI figures:

“The latest construction Markit/CIPS PMI figures show sustained growth in housebuilding, and as recruiters we see the urgency with which employers need to find people with the skills to support this growth. The speed of recovery in housebuilding continues to outpace labour supply, putting pressure on the supply of construction professionals including quantity surveyors, estimators, site managers, project managers and assistants across all disciplines and resulting in wage pressure. Some 60% of construction employers we recently surveyed expect skill shortages to have an impact on their business in the year ahead, so the consequences of not responding to this challenge are clear. 

Given the consensus with which the industry is talking about this issue, it’s surprising then to find that a fifth of employers say they have taken no action to address immediate skill shortages. In the short term, employers will need to invest in up skilling their existing staff and offering a competitive combination of salary, benefits and career development opportunities to attract new employees. In the long term, further investment and support for apprenticeships, training and engagement with young people to promote construction careers is essential to ensure the industry has the talent it needs for sustainable growth.”

For further press information please contact:

Kathryn Jones
T. 020 7200 3760

About Hays
Hays plc (the "Group") is a leading global professional recruiting group. The Group is the expert at recruiting qualified, professional and skilled people worldwide, being the market leader in the UK and Asia Pacific and one of the market leaders in Continental Europe and Latin America. The Group operates across the private and public sectors, dealing in permanent positions, contract roles and temporary assignments. As at 31 December 2013 the Group employed 7,979 staff operating from 240 offices in 33 countries across 20 specialisms. For the year ended 30 June 2013:
- the Group reported net fees of £719 million and operating profit (pre-exceptional items) of £125.5 million;
- the Group placed around 53,000 candidates into permanent jobs and around 182,000 people into temporary assignments;
- 29% of Group net fees were generated in Asia Pacific, 40% in Continental Europe & RoW (CERoW) and 31% in the United Kingdom & Ireland;
- the temporary placement business represented 59% of net fees and the permanent placement business represented 41% of net fees;
- Hays operates in the following countries: Australia, Austria, Belgium, Brazil, Canada, Colombia, Chile, China, the Czech Republic, Denmark, France, Germany, Hong Kong, Hungary, India, Ireland, Italy, Japan, Luxembourg, Malaysia, Mexico, the Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, Spain, Sweden, Switzerland, UAE, the UK and the USA