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.
Year in Review: UK Legal Labour Market Trends, January 2024
At a time when the sector has been depressed by the cyclical downturn due to quantitative tightening, this has led to a drop of 34.8% in London and 19.4% regionally. Within law firms, real estate remains the top skill in demand, although its market share has slipped from 22% in 2022 to 18% in 2023. This is partly due to a hefty 37% fall in vacancies in this area in 2023 as the commercial property sector has slowed down.
Year in Review: UK Finance Labour Market Trends, January 2024
The cyclical nature of Financial Services has meant that as interest rates rose, and the economy appeared on the edge of recession, recruitment slowed down significantly. All this has led to professional vacancies falling in 2023, with a 34% year-on-year decrease from 2022.
Year in Review: UK Life Sciences Labour Market Trends, January 2024
Perhaps inevitably, the post-pandemic period has resulted in a hangover for the sector, as the combination of quantitative tightening leading to a slowdown in funding for emerging biotechnology firms, combined with the delays associated with getting new trials approved over the period, has meant that in recruitment terms, 2023 really was a slow year. Indeed, vacancies in 2023 were 42.6% lower than in 2022.
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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Our CEO, James Chaplin, provides insight into business, operations and thought leadership at Vacancysoft.
The Northern Powerhouse – what next?
In June 2014, the British Government of the time, announced their headline scheme to power growth in the north. “The Northern Powerhouse” was meant to bring together cities across the North, so that they collectively could ‘take on the world’ in the words of George Osborne, who announced the initiative. Upon it being announced, a swathe of initiatives were introduced, to stimulate investment, including the Greater Manchester devolution deal along with the Northern Transport strategy. With that, what we have seen, is a geographic area that had when it was launched, accounted for 16.7% of the population of the country and 13% of the vacancies, see their share of the vacancy market rise to 20% now. Put simply, in terms of job creation, the North is outperforming the rest of the country.
Beating a Bear market
“In a boom market, anyone can make money, to grow when the economy turns, that’s the real challenge.”
The latest economic data to be released, will be of concern for recruiters, more than anyone. The economy is contracting. Whilst there has been a bounce in hiring over summer, this should give room for pause, for businesses, thinking about their next twelve months. Stick or twist, expand or contract? But even if recruitment is tidal, can a recruiter beat the tide? I would argue, with data, they can.
Which jobs are being kept in London?
The long-term impact of COVID has yet to be felt on the economy. Equally, the societal change is already here. Work from home and hybrid is now becoming de-rigeur, where for people with London based jobs, it is increasingly a pre-requisite, especially when factoring the commute times. This is creating its own conflict within Financial Services, especially, as banks push for people to be back to work, equally are increasingly flexible about which work location is used. For example, HSBC now employs more people in Birmingham than in London.
Our partners in the recruitment industry share their thought leadership insights, advice, and best practices.
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At Vacancysoft we cherish the vibrant tapestry of connections woven through our diverse team, spanning across London, Warsaw, and Lviv. Our curated events serve as a cornerstone for fostering meaningful relationships with our employees, clients, and suppliers. By championing thought leadership and innovation, we cultivate a dynamic environment for networking and collaboration. These gatherings are not just events, but a testament to our commitment to building a community that thrives on diversity, knowledge sharing, and mutual growth.
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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.
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