Midlands vacancies outstrip London as regional employers drive job growth
The numbers - which reflect changes in the flow of advertised job vacancies - are drawn from the company’s UK Jobs Index tracker.
Midlands and North West expand fastest
Compared to the third quarter of 2013, job totals across London rose by only 4%, considerably less than the 13% rise recorded in the Midlands. Within the same period, businesses in the North West drove a 5% increase in vacancies.
With demand outstripping the supply of qualified professionals, employers will be under pressure to increase salaries in order to recruit successfully.
Professions in demand
Across the Midlands, supply chain and procurement professionals have seen the greatest spike in demand for their services, with vacancy levels rising by nearly 50% on a year ago.
Jobs in legal and marketing have surged by a fifth, underpinned by a surge in deal-making activity and a renewed enthusiasm for bringing new products and services to market. Other big rises in job numbers include sales (up 17%) and tax (up 8%).
Year-on-year changes in advertised job volumes by region and sector:
London Midlands North West
Human Resources 5.15% 5.61% 5.72%
Marketing 14.73% 17.56% 18.81%
Risk -9.12% 12.27% 11.91%
Sales 1.29% 17.42% 14.98%
Supply Chain & Logistics 36.71% 46.53% 45.94%
Andrew Broster, director of Robert Walters Midlands, said, “Attention has centred on London as the driving force behind the economic recovery. Yet while job levels continue to expand in the capital, a greater, unseen narrative has been unfolding in the regions.
“The intensity of job vacancy growth in the Midlands in particular - as captured by the Index - reflects high levels of confidence in the value of moving to or establishing business operations in this region. Given the strength of the local talent base and high quality transport links, we expect to see this trend continue in 2015.
“In light of renewed forecasts of further economic growth, we expect businesses to come under pressure to raise salaries if they are to compete for talented professionals. However, with many individuals prepared to widen their job search to other parts of the country or even internationally, our advice to employers is to respond in kind, tapping into new and existing networks to locate and hire candidates from further afield.”