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
12.45 Q&A
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:
Clinical – UK Life Sciences Labour Market Trends, November 2023
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.
E-Commerce – UK Tech Labour Market Trends, November 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.
Tax – UK Finance Labour Market Trends Report, November 2023
The transition from the post-pandemic strategy of emphasising rapid talent acquisition and growth to prioritising efficiency and client service has resulted in a significant drop in recruitment for tax specialists this year, with vacancies forecast to be 31.1% down on 2022 according to a recent report by recruitment specialists Morgan Mckinley and market data providers, Vacancysoft.
Commerce & Industry – UK Legal Labour Market Trends, October 2023
Looking at this year by business quarter, we can see that there was a 6.8% increase in legal vacancies across commerce and industry in Q3 compared to Q2, which bodes well for the remainder of the year. Q4 is typically the busiest quarter of the year for vacancies overall, so we would expect to see that translate into vacancies for legal counsel. This is according to the latest UK Legal Labour Market Trends report by Search, and labour market data analysts Vacancysoft.
MedTech – UK Life Sciences Labour Market Trends, October 2023
When analyzing trends in Med Tech, we see 2023 is set to witness a substantial 27.9% increase in vacancies compared to 2019, indicating steady and robust growth. Similarly, in 2023, scientific jobs are projected to represent a 21.2% share of all vacancies, marking a notable improvement compared to the 14.2% share recorded in 2022, according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
South – UK Regional Labour Market Trends, October 2023
Comparing the South’s professional vacancies to the National total, while England and Wales as a whole are predicted to see a decrease, the South as a region could increase its market share, potentially reaching 29.8% in 2023 according to APSCo and labour market data analysts Vacancysoft.
Gaming – UK Tech Labour Market Trends, October 2023
The slowdown in the technology sector has generally also been felt in gaming, with this year being 55.8% down on last year. Nonetheless, 2023 is 31% up on 2019, showing the underlying trend is upward. As a result, Gaming has hit 5.4% of all vacancies across tech companies, up from 3.5% in 2019 according to the latest UK Technology Labour market trends report by Talent Alpha and market data analysts Vacancysoft.
FTC – UK Life Sciences Labour Market Trends, September 2023
Fixed-Term Contract Scientific vacancies remain relatively stable, maintaining a 5.3% share of all scientific vacancies. Equally, this represents the highest share observed since 2021, suggesting a continued demand for temporary scientific roles, despite a sharp fall in perm vacancies, according to the latest Life Sciences Labour Market Trends report with CPL and Vacancysoft.
Architecture & Design – UK Real Estate Labour Market Trends, September 2023
The Architecture and Design labour market, which reached its zenith in 2022, is now poised for a significant decline in 2023, with an estimated -10.9% decrease in professional vacancies, bringing the total to 3,983 positions. Indeed, the increase in interest rates and the subsequent implications on borrowing costs for developers means that with the cost of capital going up, there has been a slight dip. That combined with the Conservative party scrapping housing targets, has also led to a slowdown in demand, according to the latest UK Real Estate Labour Market Trends report by market data analysts Vacancysoft.
Change Management – Insurance, UK Labour Market Trends, September 2023
According to the 2023 forecast, (Non-IT) Change vacancies are poised for remarkable growth, with a projected increase of 9.2%. As a result, vacancies this year on track to hit record levels, with a forecast of 113 versus 103 last year according to the latest UK Labour Market Trends report by Harrison Holgate and labour market data analysts Vacancysoft.
