Also worth mentioning is that businesses are starting to take IT security seriously at last. After several high profile incidents where consumer services companies have been found to be in breach of customer data, businesses now are staffing up aggressively to combat this threat. As a result, IT security roles are up 97% year on year, making this the fastest growing area in IT.
When analysing the recruitment for other professional non specialist insurance roles, this is more extreme, in that we see that nearly two thirds of such generalist vacancies within Insurance now sit outside the capital.
– Overall, the total number of vacancies for lawyers has risen by almost 19% in 2018.
– Within Private Practice, London especially has seen a significant uptick in hiring
– Demand for in-house lawyers has increased the most within TMT, up 42% year on year.
Other key trends emerging include:
– Hiring in Banking for front and middle office roles is now in decline, arguably as a result of Brexit, although fintech does have a role to play in this.
– With the Technology sector growing 2.6 times faster than the rest of the economy, it is not surprising that TMT is now the largest industry in terms of professional vacancies.
– The charity sector is also one of the fastest growing in the UK. A sign of increased professionalization within the sector or a function of a greater need due to austerity?
– Scientific vacancies in the sector were up 9.9% year on year.
– Overall, over 72% of all posted vacancies were located in South East, East and London regions, with Oxford had the fastest growth across the combined regions.
– R&D is now the single largest area of scientific hiring, with volumes up 19.6 year on year.