City AM: UK firms move more head office roles outside London amid soaring costs
UK companies are increasingly moving head office jobs outside of London, according to new data, amid rising living and housing costs in the capital.
CIR: Recruitment surges in claims
There was a 5 % rise in insurance claims vacancies nationally compared with 2022, with recruitment volumes in 2024 remaining stable thus far. While claims handling remains the dominant skill, constituting 59% of the total, it recorded a decline, falling to 46%.
Accounting & Finance – UK Finance Labour Market Trends Report, March 2024
When examining recruitment activity in the capital, the signs are positive. Indeed, there has been a 24.6% increase in recruitment within Commerce & Industry in 2024 compared to the monthly average of 2023, with increases in retail, media, and technology. In contrast, regional activity has yet to experience such an upturn, with aggregate vacancies down by 5.4% so far this year and Commerce & Industry experiencing a 5.7% drop specifically.
Bloomberg: London Is Losing Out on New Job Listings for Head Office Staff
UK businesses are relocating jobs outside of London due to rising living and housing costs. London-based executive management, HR, and marketing roles have decreased by 41%, while remote work opportunities have doubled.
Tax – UK Legal Labour Market Trends, March 2024
February saw Law firms post more vacancies for tax lawyers nationally than any other month over the prior two years. Furthermore, we expect a surge of 32.5% by the end of 2024. Factoring the regionalization happening within the sector, where the regions retain 80.5% of the national share, there has also been a noticeable shift in 2024 to date, with hiring in London on the rise.
