IT Report – 2017 Year In Review

IT Report – 2017 Year In Review

Key issues to reflect on include:

Theresa May recently described the technology sector as a “great British success story,” where the growth rate of IT jobs has been more than double that of others since 2011.

The UK has long been the primary beneficiary in Europe when it comes to private equity and venture capital investment, where 2017 was a record year for investment, with growth in the sector has been seen nationwide.

Another emerging trend is how IT vacancies are being created fastest outside of technology companies, with banking specifically recruiting the most aggressively.

Banking in Europe, Recruitment trends in 2017

Banking in Europe, Recruitment trends in 2017

Key take-aways:
– The single largest increase in activity has been in France, but this activity has been primarily caused by French banks increasing their activity.
– Germany, Ireland and Poland have all been witnessing a significant surge in hiring from the major American Banks.
– We estimate that Poland specifically could be the biggest winner out of Brexit, with over 30,000 jobs forecast to move to Warsaw.

Regional vacancy activity grows

Regional vacancy activity grows

Research published in August by the Resolution Foundation found that interregional work-related mobility is shrinking in the UK. Combined with the increasing regionalisation in various sectors that we explored in other insights, this leads to the assumption that more roles are being filled using locally sourced talent as opposed to relocated staff. From the job seekers’ perspective, this essentially means they can find more jobs suited to their qualifications and expectations in their vicinity than a few decades ago.

Vacancy Data in Q3 2017 – Overview

Vacancy Data in Q3 2017 – Overview

In April 2017, Vacancysoft released an overview of the first quarter, laying out what to expect in the following quarters based on activity in the professional vacancy market. Now that Q3 is over, how have those predictions reflected reality, and what new developments arose that affect forecasts?