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.
SAP – UK Tech Labour Market Trends, April 2024
Analysis shows that SAP vacancies are projected to decrease by 34.1% in 2024 compared to 2023 (comparatively, in the 2022 to 2023 data analysis, vacancies decreased by 2.1%). Similarly, regional SAP vacancies are on track for two consecutive years of decline. This trend decline in SAP hiring reflects the broader slowdown impacting the technology sector as it adapts to the transition to a more rigid financial discipline.
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.
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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Global Recruiter: Recovery for financial services
The Global Recruiter features Vacancysoft and APSCo labour market research on the financial services sector recovery following a sharp dip during the pandemic. Read the full article here.
Staffing Industry Analysts: Recovery underway for financial services and legal sectors
Vacancysoft and APSCo research featured in Staffing Industry Analysts shows financial services and legal sector hiring recovering post-pandemic. Read the full article here.
Forbes: Silicon Valley Shifts To London In UK Tech Boom
Featured in Forbes, Vacancysoft and Robert Walters labour market data shows how the UK’s edtech sector grew by 72% last year and attracted a flood of VC investment. Read the article here.
Our CEO, James Chaplin, provides insight into business, operations and thought leadership at Vacancysoft.
July bounce for IT, but what about H2?
For everyone involved in IT recruitment, the burst of activity seen in July was a welcome relief, as vacancies ended up hitting levels not seen since Q1. Indeed, the final total for the month, was the third highest since April 2023. Nonetheless, the pragmatists will recognize that the general election being announced in May, resulted in many businesses deferring investment decisions, including hiring, until after the result, which had meant that Q2 was materially quieter than Q1. So the burst in July could just be the result of that pent up demand being recognized.
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.
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.
Banks hiring tax experts in record numbers as UK economy rebounds post-covid
New data shows that jobs for tax experts are at record levels as firms bolster their accounting teams to cope with the post-pandemic surge in business.
Hiring for lawyers smashes pre-pandemic records with all-time high demand for real estate specialists
New data from BCL Legal and Vacancysoft shows that the number of new jobs for legal real estate specialists reached an all-time high in England & Wales.
Risk & compliance jobs surge as UK banking vacancies continue record growth
New data from Morgan McKinley and Vacancysoft shows that the number of new banking jobs had a record-breaking summer – and are set to continue rising.
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