Procurement – EEA / UK Life Sciences Labour Market Trends, July 2023

Recruitment into Procurement dips after hitting record levels

Key findings include:

  • The EU-27 countries forecast to have a decline of 11.8% in 2023
  • Germany has a sharper fall, down 16.3% while the UK is down 27.9%
  • Switzerland also significantly down, with a drop of 26.8%
  • Vertex is one to watch, as is on track for an increase of 114.3%. 

DOWNLOAD THE REPORT

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.

UK declines faster than the EU

Meanwhile, the UK half-year analysis shows a sluggish market, with a noticeable -34.2% decrease in vacancies compared to the same period in 2022 and is projected to experience a significant -27.9% year-on-year decrease.

The DACH region performs well under the EU average

In Germany, the 2023 outlook also appears negative, with a projected decrease of -16.3% throughout 2023. The other point is that the slowdown has accelerated in Q2, compared to Q1. This trend though, is being seen not just in Germany but across the continent. Looking beyond the EU, we see the forecast for Switzerland is also a substantial year-on-year change of -26.8%

JAMES CHAPLIN – CHIEF EXECUTIVE – VACANCYSOFT – comments:

“After a record period, it is worth looking at the current volumes with that in mind. While 2023 won’t be a record year, we do believe activity as is, is likely to stabilise at this point.”

Top firms

GSK remains one to watch, as the leading recruiter in this field. Looking at this year, though, we see a decline of 17.6%. In contrast, Vertex, a pharmaceutical company gaining momentum, is expected to experience a significant surge in 2023. According to estimations, Vertex could witness a remarkable growth rate of 114.3%. Nonetheless, it is worth drawing attention to that of the top twenty companies recruiting for this area, only four have had higher levels of vacancies in 2023 than in 2022.

Take a more in-depth look into hiring activity within Life Sciences and download your copy below!

All data featured in this report is available in the Vacancy Analytics platform, which is updated in real-time and allows for interactive analysis, giving you the power to drill into trends to identify the key insights you need to power your business.

If you would like to book in a consultation with us to analyse trends in your market, you can schedule one here.

Related Posts

Accounting & Finance – UK Finance Labou... Accounting & Finance - UK Finance Labour Market Trends Report, March 2024 London leads the way for finance vacancies as 2024 sees pick-up across ...
Tax – UK Legal Labour Market Trends, March 2... Tax - UK Legal Labour Market Trends, March 2024 Record levels of tax vacancies posted in Law Firms nationally in February  Key findings include: ...