Steering through uncertainty: Can UK recruiters be optimistic about 2022?
As we are started the year 2022 we wanted to take time to look back to 2021, of what has been a frenetic year, with recruiters challenged in unique ways never seen before, the big question was: What next?
This free and exclusive virtual event gathered Britain’s recruitment industry leaders to discuss the following insights:
• Review the hiring activity across key sectors of the UK economy over the past year and present expert insight into the jobs market and emerging trends
• Analyse what impact a second year of the pandemic has had and look ahead to how rising inflation and global political and economic uncertainty may affect Britain’s labour market and professional vacancies.
James Chaplin, Vacancysoft CEO presenting, where attendees also had the opportunity to both network with each other and ask questions about the presentation directly.
Matt Gallivan, Chief Revenue Officer talks about tools that allow you to make data-driven decision making by analysing the market as to what is happening in your markets, whether that be by sector, location or by role. Vacancy Analytics gives you knowledge and data at your fingertips.
Agenda as follows:
12.00 doors open – introduction and short networking
12.05 20-minute presentation on market activity by James Chaplin
12.25 15-min Data-driven decision making in 2022
12.40 Annual Magazine launch
13.00 Event ends
If you are responsible for business planning and strategy don’t miss this unique opportunity to get insights on the latest market activity and what it could mean for your business.
This webinar is useful to: Recruitment Firm Directors, Operational & Marketing Managers in Recruitment Firms, Corporate Recruiters, Managers in RPOs and MSPs. HR Managers.
Download our Year in Review Magazine 2021 edition below!
In our annual magazine 2021 edition you will find a full review of the hiring activities across key sectors of the UK economy over the past year. The magazine covers trends seen in Britain’s tech, life sciences, law, finance, real estate and insurance industries.
Alternatively, download our presentation slides below:
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.
In a sign of the times, industrial engineering, which encompasses aerospace and defence, has proven to be the top performing industry this past year, up 21% on 2022. At the same time the impact of quantitative tightening on the London market has been felt heavily across both finance and technology. As a result, vacancies in the capital are down 40% on the prior year. This is according to the latest UK labour market trends report by leading professional body APSCo and market data analysts Vacancysoft.
2023 has seen a significant drop in accounting vacancies across financial services and commerce & industry. March marked the year’s peak in financial services with 532 vacancies, a 31% decrease from 2022, and the only increase was a 12% rise in November, according to the latest UK Finance Labour Market Trends report by Morgan McKinley and market data analysts Vacancysoft.
Despite a 39% decrease in recruitment patterns in London in 2023 compared to the previous year, the city maintains a pivotal position in professional opportunities, expected to contribute 34% of the UK’s vacancies, emphasizing its crucial role in the national job market. This is according to the latest UK National Labour Market Trends report by APSCo and labour market data analysts Vacancysoft.
The biotech sector has been on a downward trend this year, with vacancies down 34% in 2023. With that, the first quarter saw the highest concentration of job postings, tallying 351 vacancies. Indeed, January and March were the top two months in 2023, with 131 and 123 vacancies respectively. This is according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
In Q1 2023, the West Midlands, with 8794 vacancies, held the largest share in the region, yet it fell short of the lowest quarter in 2022 at 8860 vacancies, while the East Midlands peaked at 5310 jobs in Q1 2023, failing to surpass the total of 6601 vacancies in Q3 2022. This according to the latest UK National Labour Market Trends report by APSCo and labour market data analysts Vacancysoft.
Looking at 2023, there has been a significant decline in hiring across the risk & compliance functions. Nonetheless, the real story emerging is how these functions are becoming an ever greater department within fintech, according to the latest UK Finance Labour Market trends report by Morgan McKinley and market data analysts Vacancysoft.
While 2023 has seen significantly lower levels of recruitment for clinical-specific functions, the forecast for 2024 is bullish, with the immediate projection being for two times more clinical vacancies in 2024 than in 2023.
As Europe’s most advanced e-commerce market, the UK has approximately 60 million e-commerce users. With that, shopping online has become the norm, which has had implications for retailers on the high street, especially outside of main shopping hubs, where the pandemic period had resulted in a significant surge in activity. Now, post-pandemic, there has been a slowdown as the market has normalized, which has meant that when looking at e-commerce, there has been a drop of 42.5% in IT vacancies compared to 2022, according to the latest UK Tech Report by Talent Alpha and Vacancysoft.