– In Birmingham, within Financial Services, post HSBC’s move, activity has slowed down as one off hiring there has subsided, with volumes down by 35% compared to 2018.
– In Nottingham, by professional area, the biggest story is the increase in vacancies for Procurement / Supply Chain, where volumes grew up by 35%. Specifically the largest point of growth has been for people handling inventory, and stock levels.
– In Leicester, there was significant vacancy growth within TMT with an increase in hiring activity of 30%.
This investment into the region can also be seen in terms of increased vacancy activity, where year on year activity is up 21% in the East Midlands and 19% in the West Midlands. Other key trends include:
– Vacancies for IT professionals dominate, accounting for over 27% of all professional roles advertised;
– The largest area of hiring is within Consumer Goods and Services;
– There has been a significant increase in activity in the Public Sector and NFP.
Key take-aways:
Vacancies in the region this year have been growing faster than other parts of the country.
Transportation is seen as a key part of the regeneration, along with infrastructure and innovation.
Investment into the midlands engine is already manifesting into hiring, with key areas to watch including rising demand for Project Managers, Financial Services and IT professionals.
