SAP – UK Tech Labour Market Trends, April 2024

South West’s Professional Vacancy Rebound After Recession

 

Key findings include:

  • SAP vacancies are projected to decrease by 34.1% in 2024 compared to 2023 
  • Retail saw an increase in SAP-related vacancies this year, up by 3.7%
  • Midlands is the only region to have seen positive change so far in 2024
  • EY leads in total vacancies and is a company to watch

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With that, analysis shows that SAP vacancies are projected to decrease by 34.1% in 2024 compared to 2023 (comparatively, in the 2022 to 2023 data analysis, vacancies decreased by 2.1%). Similarly, regional SAP vacancies are on track for two consecutive years of decline. This trend decline in SAP hiring reflects the broader slowdown impacting the technology sector as it adapts to the transition to a more rigid financial discipline. On a positive slant, London has increased to 53.2% of the national share in 2024. 

The Retail sector is the sole industry with the increase 

Data shows that the retail sector is the only major industry to see an increase in SAP-related vacancies this year, although only a 3.7% rise. As tech hiring has contracted, retail’s total share has risen to 18.4% – an increase from the previous level.  Contrastingly, the life sciences sector has seen the biggest decline in the past year, down by 36.4%.

When looking at changes by role, SAP Consultants again constitute the largest recruitment area, however, since 2024, we’ve seen a drop of 37.4%. Project management roles, are the only sector not to see a decline.

London accounts for over 50% of all the SAP vacancies

London accounts for over 50% of all the SAP vacancies and constitutes the biggest total for regional positions across the UK. Indeed, in the past year, we can see that London has seen surges leading to a 53.3% share.  Regionally, the Midlands is the only one to have seen positive change, and it now accounts for 11.8% of all SAP jobs. 

On the other hand, the North has seen a sharp decline in job vacancies. Data shows a decrease of 50.9% in the number of open positions. Similarly, The South of England shows a slight reduction compared to the 16.4% in the 2022/23 fiscal year. 

EY leads in total vacancies and is a company to watch

Out of the top twenty companies, EY has seen the most SAP vacancies with 118.2% in the most recent year, which can be directly attributed to their recently announced enhanced strategic alliance. Similarly, PWC and Puma have seen the biggest surges in vacancies this year. WIPro saw a huge year-to-year increase from 2022 to 2023, with a growth surge of 566% making it the largest increase among the leading professional services firms. 

In a contrasting manner, over the 2023 year, Capgemini was the most active in hiring positions but has since seen an 83% drop off. 

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