As the largest economy in the UK, what recruitment trends have we seen in London so far in 2022? Which sectors saw the most growth, and what specialisms were most sought after by the largest firms?
Written in partnership with APSCo, this report examines labour market trends across key sectors in the London.
It provides a breakdown of hiring; presents vacancy volumes by industry and function; and compares the hiring activity of top firms.
For labour market insights and the trends that drove
recruitment across London in 2022 so far,
download the report now!
Perhaps inevitably, the post-pandemic period has resulted in a hangover for the sector, as the combination of quantitative tightening leading to a slowdown in funding for emerging biotechnology firms, combined with the delays associated with getting new trials approved over the period, has meant that in recruitment terms, 2023 really was a slow year. Indeed, vacancies in 2023 were 42.6% lower than in 2022.
In a world of ever-increasing risk, specialist insurance services rise as businesses look to mitigate their exposure. Hence, for the industry, 2023 has proven to be a busy year, with the sector being one of the top performers across all industries in terms of year-on-year activity this past year. On that point specifically, we saw vacancies drop by 15.1% compared to 2022. That compares to an all-industry fall of 30%.
Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.