As salaries surge to match inflation, so businesses are shifting hiring away from the capital. In my previous post, recruitment is tidal, I referenced that in terms of macro job flow, what we are seeing is that 2023 is now mirroring 2019. However, there is one key distinction in that whilst activity in London is flat (vacancies in 2023 are currently on track to match 2019 exactly) outside the capital, we are seeing growth of 25.6% in terms of the monthly average, when comparing this year, to 2019, before COVID.
At first glance, 2023 looks pretty bleak. After all, there has been a dip in vacancies, year on year, of 34% in terms of the monthly average. Businesses which for the last two years were just non-stop recruiting, this year have suddenly slowed down and for recruiters, there are many who are still adapting to this reality…
The UK market has had a three-year rollercoaster like no other in memory. From the pandemic, to the post lockdown surge, such have been the extremes, 2019, the last time we had a regular market, feels a long time ago…
According to the latest life sciences report by CPL and labour market data analysts Vacancysoft, Pharma companies in the UK are still experiencing talent shortages in areas like digital, data analytics, and environmental, social, and governance (ESG), despite estimates showing a projected 40% year-on-year decrease in executive vacancies in 2023. Download your copy to take a more in-depth look into hiring activity within Life Sciences!
Recruitment in the UK insurance industry has remained remarkably resilient as the regulatory changes and pricing reforms introduced by the Financial Conduct Authority (FCA) in 2022 to protect consumers have forced companies to make changes and focus on technology and digital platforms to meet the evolving needs of their customers, according to the latest finance report by Harrison Holgate and labour market data analysts Vacancysoft.
