UK job market grows 19% year-on-year
Figures from the Robert Walters UK Jobs Index, which charts vacancy numbers posted to online platforms, has revealed that the demand for professionals in the UK has also grown compared to the first quarter of 2015, with the overall number of vacancies up 8% over this period.
All regions saw increased vacancies compared to the second quarter of 2014, with London leading at 23% growth, followed by the Northwest at 21% and the Midlands at 5%.
The banking and financial services sector saw healthy growth in London with the number of vacancies up by 23% year-on-year. Marketing professionals in particular were shown to be in high demand, with a 78% increase in advertised vacancies, while legal vacancies were up by 65% versus Q2 2014.
Chris Hickey, Robert Walters, CEO – UK, Middle East and Africa, comments:
“The UK’s recovery from the recession looks increasingly assured, and this is reflected not only in the overall healthy growth in the jobs market but also in the specific roles we are seeing advertised.
“It it especially encouraging to see the significantly raised demand for marketing professionals, and the number of vacancies for sales professionals has grown 18%. The fact that employers are looking to recruit into these functions shows that they are confident in a sustained recovery for the UK and they are looking to bring in the kind of staff who are integral to growing their businesses.”
Chris Poole, Managing Director, Robert Walters Manchester, commented on the UK’s regional growth:
“The Northwest has continued the trend towards healthy growth that we saw in the first quarter of this year, with the rise in demand for several positions outstripping London and the South-East.
“For example, demand for compliance professionals in the North West is up 18% compared to just 6% in London, and demand for insurance professionals has grown by 29% in the region versus 13% in London. The North West has also seen the highest growth in marketing roles, with vacancies up 86% compared to Q2 2014.
“It is evident that the North West is becoming a destination for many companies looking to take advantage of the highly educated regional workforce while avoiding the high overhead costs associated with the London area.”