According to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft, key recruitment trends show that in 2022, there were over 4,100 new scientific vacancies published in the ‘Golden Triangle’ (Cambridge, London and Oxford). This translates to a slight decrease from 2021, when there were over 4,500 jobs, resulting in a year-on-year fall of 9.1%.
The biotech sector has been on a downward trend this year, with vacancies down 34% in 2023. With that, the first quarter saw the highest concentration of job postings, tallying 351 vacancies. Indeed, January and March were the top two months in 2023, with 131 and 123 vacancies respectively. This is according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
While 2023 has seen significantly lower levels of recruitment for clinical-specific functions, the forecast for 2024 is bullish, with the immediate projection being for two times more clinical vacancies in 2024 than in 2023.
As Europe’s most advanced e-commerce market, the UK has approximately 60 million e-commerce users. With that, shopping online has become the norm, which has had implications for retailers on the high street, especially outside of main shopping hubs, where the pandemic period had resulted in a significant surge in activity. Now, post-pandemic, there has been a slowdown as the market has normalized, which has meant that when looking at e-commerce, there has been a drop of 42.5% in IT vacancies compared to 2022, according to the latest UK Tech Report by Talent Alpha and Vacancysoft.
When analyzing trends in Med Tech, we see 2023 is set to witness a substantial 27.9% increase in vacancies compared to 2019, indicating steady and robust growth. Similarly, in 2023, scientific jobs are projected to represent a 21.2% share of all vacancies, marking a notable improvement compared to the 14.2% share recorded in 2022, according to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft.
