Regionalisation – UK HR Labour Market Trends, March 2024
Post-pandemic economy shifting from London: HQ function vacancies down to 41.2% from 47.8% in 2019.
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%.
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.
Are retailers moving HQ jobs from London for good?
For retail and consumer goods and services, 2023 has proven to be a challenging year. The impact of the changes to VAT has meant that as tourism has returned, the luxury goods sector has flatlined, despite London having more tourists than ever. At the same time, quantitative tightening has resulted in challenges to household liquidity, which has meant there has been downward pressure on disposable incomes.
