The banking sector continued its slump in 2024, with vacancies down 3% compared to last year. However, recent analysis suggests UK securities are undervalued, and with a new government, the sector might rebound – July has shown record performance. Tax has been a key focus for hiring, especially with Labour’s tax-raising agenda. As a result, tax roles have performed strongly, making the upcoming Autumn budget particularly significant.
The pandemic’s long-term impact on the industry is still evident, particularly in how we work. The sudden shift from structured, on-site roles to remote work has altered workplace dynamics, with traditional business principles now being challenged, especially by younger generations. This has created challenges for HR departments as businesses face resistance to returning on-site.
With the impact of climate change now becoming an ever-present reality, it is now being recommended that internal auditors globally make assessing the risk part of their purview, and within the UK specifically. Nonetheless, activity has been muted so far in 2024, with vacancies slowing down by 19.7% compared to last year.
Insurance companies are facing a myriad of challenges at a time when there is deep uncertainty in the industry and the global economy. Similarly, transformation projects have changed and now require a far greater focus on data and analytics capabilities. The trend toward digitalisation has resulted in companies embracing the cloud, and with each wave of transformation, the level of cost and complexity has increased.
London is witnessing a substantial increase in fintech job vacancies, spurred by renewed investor interest and technological advancements.
