Year in Review: UK Finance Labour Market Trends, January 2024

Year in Review: UK Finance Labour Market Trends, January 2024

The cyclical nature of Financial Services has meant that as interest rates rose, and the economy appeared on the edge of recession, recruitment slowed down significantly. All this has led to professional vacancies falling in 2023, with a 34% year-on-year decrease from 2022.

Year in Review Magazine: Technology & Transformation in the UK

Year in Review Magazine: Technology & Transformation in the UK

Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.

Accounting & Finance – UK Finance Labour Market Trends Report, December 2023

Accounting & Finance – UK Finance Labour Market Trends Report, December 2023

2023 has seen a significant drop in accounting vacancies across financial services and commerce & industry. March marked the year’s peak in financial services with 532 vacancies, a 31% decrease from 2022, and the only increase was a 12% rise in November, according to the latest UK Finance Labour Market Trends report by Morgan McKinley and market data analysts Vacancysoft.

Risk & Compliance – UK Finance Labour Market Trends Report, October 2023

Risk & Compliance – UK Finance Labour Market Trends Report, October 2023

Looking at 2023, there has been a significant decline in hiring across the risk & compliance functions. Nonetheless, the real story emerging is how these functions are becoming an ever greater department within fintech, according to the latest UK Finance Labour Market trends report by Morgan McKinley and market data analysts Vacancysoft.

Tax – UK Finance Labour Market Trends Report, November 2023

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.