Discover how the European banking sector has shifted post-Brexit and which cities are emerging as winners in the industry. Explore the impact of Macron’s efforts to boost the French banking sector, and other valuable insights to enchance your recruitment.
As one of the largest insurance markets in the world, the UK industry is surpassed in size only by the U.S., China, and Japan, where London is at the heart of that. With that, since quantitative tightening was initiated last summer, nearly all other market segments have slowed down in the capital. Not with Insurance, with January 2023 hitting all-time record levels according to Insurance specialists Harrison Holgate, and labour market data analysts Vacancysoft.
The long-term impact of COVID has yet to be felt on the economy. Equally, the societal change is already here. Work from home and hybrid is now becoming de-rigeur, where for people with London based jobs, it is increasingly a pre-requisite, especially when factoring the commute times. This is creating its own conflict within Financial Services, especially, as banks push for people to be back to work, equally are increasingly flexible about which work location is used. For example, HSBC now employs more people in Birmingham than in London.
After a roller coaster period, with record numbers of vacancies in 2022, there are signs the market is now starting to normalise, where by most accounts, it is now stabilising at the levels seen in 2019, so before the pandemic according to a new report by APSCo, and labour market data analysts Vacancysoft.
Within the EU-27, the month of March 2023 witnessed the highest monthly total this year with 461 published Procurement/Supply Chain jobs. However, Q2 has seen a marked dip since then, hence the EU-27 countries are expected to undergo a decrease of 11.8% in 2023, according to Life Sciences specialists CPL, and labour market data analysts Vacancysoft.
