Thought Leadership
See our latest news, market reports, executive comment and recent newsletters — and discover which media outlets use Vacancysoft thought leadership and data to enhance their stories
We partner with leading recruitment firms to produce thought leadership reports highlighting key labour market trends.
Banking – UK Legal Labour Market Trends, May 2024
The surge in vacancies for banking lawyers during Q1 2024, observed both in law firms and banks, reflects significant industry dynamics. 137 vacancies were posted within law firms, marking the highest total since Q3 2022. Extrapolating from Q1, 2024 is projected to see a 35% increase compared to the previous year. Similarly, there was a 17.7% increase in legal vacancies within banks compared to Q4 2023.
Medical Affairs – UK Life Sciences Labour Market Trends, April 2024
With the slump in the pharmaceutical sector set to continue, the long-awaited reforms to the MHRA have yet to materialise. As a result, drug approval in the UK lags behind the EU, further depressing the sector. 2023 seems to be the low point in that there has been an uptick in Q1 so far, and if this continues, it will increase by 9.1% this year compared to last. The recovery has been in London specifically, with volumes up 26.1% on last year.
Tax – UK Finance Labour Market Trends Report, April 2024
The Government’s Spring 2024 budget has changed the shape of taxation in the UK for high net-worth individuals who are not UK-domiciled. The implications of this change are yet to be seen properly; therefore, when looking at the recruitment patterns, we are forecasting an increase in tax vacancies this year compared to last year’s 32% in London, and 46% regionally.
Quick insights on hiring trends, industry shifts, and key sector developments to keep you informed in today’s dynamic job market.
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City A.M.: Hiring for bankers reaches three-year high
City A.M. features Vacancysoft and Morgan McKinley data in a story about how hiring for bankers is at a three-year high in the United Kingdom. Read the full article here.
Business News Wales: Just 9% of new hires in edtech are academics
Vacancysoft and Robert Walters labour market data in Business News Wales shows how just 9% of new edtech hires are academics. Read the full article here.
City A.M.: Hiring for lawyers at highest since pre-pandemic
Vacancysoft’s labour market data features in a story in City A.M. about how hiring for lawyers is at its highest since before the pandemic. Read the full article here.
Our CEO, James Chaplin, provides insight into business, operations and thought leadership at Vacancysoft.
Is Real Estate about to Boom?
As soon as the General Election was called, it became clear that the second half of the year would see a surge in recruitment in House building. Therefore it is not a surprise that vacancies in Real Estate in July hit record levels. Whilst the Conservatives had tried to implement mandatory house building targets under Gove, such was the resistance from their core constituencies, it was soon dropped. For the Labour Party, they have no such constraint, and as a result, have reinstated the target, and increased it.
July vacancies hit record levels
The post-election bounce is real. When the vacancy volumes are analyzed by weekly totals, it is in July that the record total for the year has been posted. While this can be a function of the immediate post-election bounce, the wider economic news for the UK is broadly encouraging. The British Economy in Q1 grew by 0.7% which was the strongest expansion seen in over two years, and as a result, has beaten all forecasts. Insofar that Q2 is likely to be flat, that can be attributed to the dampening effect of the general election, hence the fact there was a jump in vacancies in July is a good sign.
Could the proposed changes to the minimum wage increase unemployment?
With the Labour Party now in-situ, changes are being proposed to employment law which have the potential to be transformative to the UK, where the minimum wage is a key area being scrutinised. The proposal to scrap the tiered structure of the minimum wage, which means that there will be no difference in treatment, between those aged 16 year olds or those over 21 has the potential to cause a significant impact in the job market in terms of entry level roles. The question is, what are the likely second order consequences?
Our partners in the recruitment industry share their thought leadership insights, advice, and best practices.
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Read the latest news on the recruitment and staffing industry through stories powered by Vacancysoft’s labour market data, analysis and our thought leadership pieces.
National 2021 Review: Vacancies reach all-time high as London dominates labour market with record 20k+ new jobs
New jobs in the UK reached record levels in 2021, with the TMT sector accounting for the most new vacancies in a year when remote working became the norm across British business, according to APSCo and Vacancysoft. Read the report now.
Record job growth in Irish life sciences driven by surge in biotech vacancies
Ireland’s life sciences industry is enjoying a record year of recruitment as it recovers from the effects of the pandemic and strengthens its reputation as a global pharmaceutical hub, according to new research.
London law firms in hiring surge with Clifford Chance leading pack
London’s legal firms went on an unprecedented hiring spree in 2021, with the number of fixed-term contract (FTC) roles in the capital also reaching all-time highs, new research shows.
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