Audit – UK Finance Labour Market Focus, Feb 2021

Audit – UK Finance Labour Market Focus, Feb 2021

The labour market swiftly entered a volatile period with professional vacancies across the largest British financial firms falling dramatically. In the City, recruitment dropped by 56.3% in Q2 compared to the previous quarter; across the rest of England and Wales (rE&W) it dropped 67.5%.

Finance – UK Labour Market Review 2020

Finance – UK Labour Market Review 2020

The labour market swiftly entered a volatile period with professional vacancies across the largest British financial firms falling dramatically. In the City, recruitment dropped by 56.3% in Q2 compared to the previous quarter; across the rest of England and Wales (rE&W) it dropped 67.5%.

Morgan Mckinley October 2020 – Accounting & Finance

Morgan Mckinley October 2020 – Accounting & Finance

The virus’ spread and consequent restrictions contributed to a big drop in Q2 2020 vacancies in the accountancy, financial services, and commerce and industry sectors right after the UK’s first lockdown was announced at the end of March 2020. Figures from Vacancysoft indicate that vacancies have slowly picked up in Q3 but are struggling to recover to pre-pandemic heights.

Morgan Mckinley July 2020 – Trends in Audit

Morgan Mckinley July 2020 – Trends in Audit

– Relative to other professional areas, recruiting for Audit positions has remained buoyant during 2020, despite the COVID-19 crisis, albeit with vacancies down by 23% across the country.
– Recruitment within Audit being less impacted can also be seen by the fact that in 2019, 15% of qualified Accounting roles were for Auditors, whereas in 2020 so far the percentage is 18%.
– The shift in hiring into regional offices continues, resulting in 56% of all Audit vacancies outside the Capital this year. Such has been the increase in recruiting regionally, that it is estimated that by the end of 2020 there will have been more Audit vacancies regionally than in 2018.