Advertised salary rates continue to rise strongly across the UK and there is little sign of a slowdown in wages growth, according to Clive Jefferys, MD of Telecoms recruiter JMA Network.
"The latest report from Adzuna points to accelerating pay pressure with a whopping 8.1% growth in aggregated advertised salaries over the last 12 months," he said.
"As the skills shortage bites deeper, the old adage that the best people are attracted to the best paid jobs has never been truer. Given that agreed job offers generally exceed advertised salaries, the true rate is likely to be well over 10%.
The volume of job advertising continues to grow with 25% more positions available compared with the same three month period last year. Nonetheless, the time taken to fill positions continues to slow as a dearth of candidates frustrates hirers.
"The average time to select and start new employees is now around four to five months. The wisest hirers have thrown away formal hiring schedules and interview candidates at every opportunity."