UK recruitment industry reports further slowing of salary growth in December

Pay pressures in the UK labour market eased at the end of 2015. The KPMG/REC Report on Jobs, published today, signalled that average starting salaries offered to new permanent hires rose at the slowest rate in 26 months in December. Although the rate of pay growth remained above the average seen since data were first available in 1997, the recent trend has been considerably weaker than the elevated pace seen earlier in the year.