Vacancysoft Market Update: 2021, What Next?

Nov 19, 2021 | Webinar

As we approached the end of what has been a frenetic year 2021, with recruiters challenged in unique ways never seen before, the big question was: What next?

In this 20 minute presentation (recorded on Nov 18, 2021) we will give you a snapshot of the latest recruitment trends we are seeing emerging, both by regional area and across the key industries of the knowledge economy so you know how best to organise resources in your business.

James Chaplin, Vacancysoft CEO is presenting, where attendees had the opportunity to both network with each other, using the highly innovative REMO platform, and ask questions about the presentation directly, where after the main presentation, we will have plenty of time to respond to the issues you consider to be most important.

Download our Year in Review Magazine 2021 edition below!
In our annual magazine 2021 edition you will find a full review of the hiring activities across key sectors of the UK economy over the past year. The magazine covers trends seen in Britain’s tech, life sciences, law, finance, real estate and insurance industries.

Golden Triangle – UK Life Sciences Labour Market Trends, March 2024

Golden Triangle – UK Life Sciences Labour Market Trends, March 2024

According to the latest Life Sciences Labour Market Trends report by CPL and market data analysts Vacancysoft, key recruitment trends show that in 2022, there were over 4,100 new scientific vacancies published in the ‘Golden Triangle’ (Cambridge, London and Oxford). This translates to a slight decrease from 2021, when there were over 4,500 jobs, resulting in a year-on-year fall of 9.1%.

North West England – UK Regional Labour Market Trends, March 2024

North West England – UK Regional Labour Market Trends, March 2024

After enduring a challenging six months, which ultimately led to the UK entering a technical recession, signs of recovery are finally beginning to emerge. The North West region has managed to increase its share of the national total from 7.5% in 2022 to 8.5% in 2023. Turning to the current year, we observe an uptick in the northwest’s monthly average, increasing by 5.3% compared to 2023, which bodes well for regional recruiters.

Australia Legal Sector Trends, March 2024

Australia Legal Sector Trends, March 2024

The beginning months of 2024 have shown a decrease in recruitment compared to the post-pandemic boom seen in 2021-2023. Despite a dip in 2020 due to the pandemic, the Australian legal market experienced robust growth over the following years.

Year in Review: UK Legal Labour Market Trends, January 2024

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 Life Sciences Labour Market Trends, January 2024

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.

Year in Review: UK Insurance Labour Market Trends, January 2024

Year in Review: UK Insurance Labour Market Trends, January 2024

In a world of ever-increasing risk, specialist insurance services rise as businesses look to mitigate their exposure. Hence, for the industry, 2023 has proven to be a busy year, with the sector being one of the top performers across all industries in terms of year-on-year activity this past year. On that point specifically, we saw vacancies drop by 15.1% compared to 2022. That compares to an all-industry fall of 30%.

Year in Review Magazine: Technology & Transformation in the UK

Year in Review Magazine: Technology & Transformation in the UK

Every generation bears witness to a technological jump which has the capacity to change the way we work. For example, from the first generation of mobile phones in the 1980s, through to smart phones and mobile devices this has transformed the way we do business. Nonetheless, we have seen increasing numbers of jobs displaced as different technologies have achieved scale.

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