When analysing the recruitment for other professional non specialist insurance roles, this is more extreme, in that we see that nearly two thirds of such generalist vacancies within Insurance now sit outside the capital.
When spotlighting the five fintech unicorns, the income growth they have achieved over the past twelve months is phenomenal, increasing from a combined £77.1m to £177.6m revenue. Specifically, Oaknorth are one to watch, as an example of a challenger bank, with revenues up 268% year on year.
– Manchester, as the largest city in the region has seen the greatest growth over the last 12 months.
– Leeds is within the top five cities in the UK for year-on-year employment growth, where the impact of ‘Northern Powerhouse’ initiatives are seen to have been a key aspect in facilitating this.
– Hiring activity in Newcastle is muted by comparison, up only 3%. Why is this the case?
The area within Clinical with the largest growth within the Pharmaceuticals companies was for Clinical Operations, with activity up 53%, followed up Clinical Data Management, up 48%.
Other key trends emerging include:
– Hiring in Banking for front and middle office roles is now in decline, arguably as a result of Brexit, although fintech does have a role to play in this.
– With the Technology sector growing 2.6 times faster than the rest of the economy, it is not surprising that TMT is now the largest industry in terms of professional vacancies.
– The charity sector is also one of the fastest growing in the UK. A sign of increased professionalization within the sector or a function of a greater need due to austerity?
– Overall, the total number of vacancies for lawyers has risen by almost 19% in 2018.
– Within Private Practice, London especially has seen a significant uptick in hiring
– Demand for in-house lawyers has increased the most within TMT, up 42% year on year.