By now you’re probably sick of hearing about Brexit, we know we are. One minute it’s a hard-Brexit, the next it’s a smooth-Brexit. It’s like the media outlets are trying to outdo each other with the most inane Brexit prefix. Who knows, perhaps if we have a particularly mild winter, they‘ll be talking about a balmy-Brexit. And if we have snow we’ll all be dreaming of a white-Brexit, just like the ones we used to know.
Okay, that’s the rant over, because the fact is that we do have to talk about Brexit. Any economic event as significant as our decision to leave the EU is predicted to be, once Article 50 is triggered of course, will have an impact on the jobs market, so we’ll do our best to keep you informed.
So, what are the latest hiring trends we’re seeing…?
A fall in the number of advertised vacancies
Research carried out by the jobs website Adzuna found that advertised vacancies fell by 31,000 over the summer months, while the number of jobseekers per vacancy remained the same. While this may seem like a dramatic drop, this is actually a seasonal trend we see every year as prospective recruiters and candidates take their summer breaks. In fact, the number of job vacancies actually represents a 0.6 percent rise on the same time last year.
Certain sectors are thriving
Despite the widespread doom and gloom that was predicted before and immediately after the EU referendum, the latest figures show that certain sectors are thriving. The Telegraph has reported there were 8,285 new finance jobs being advertised in the last month alone, representing a significant rise of 5 percent on the previous month.
Sky News also reported a growth in the consultancy sector, with the number of advertised vacancies up 5 percent on the same time last year. Consultancy salaries have also increased by an average of 8.9 percent in that time.
The jobs market remains buoyant
The figures also show that hiring levels in the market as a whole remain buoyant, with monthly hiring levels for August at 7,900, which shows that businesses remain confident regardless of the referendum result.
Of those candidates who found a new job in August, they received an average 16 percent pay rise, which is comparable with the 17 percent pay rise new recruits received at the same time last year.
Salaries are on the rise
To continue the overall picture of health in the post-Brexit jobs market, salaries are on the up across a range of sectors. This is due to the increase in demand and the confidence in the overall state of the economy.
According to the Office of National Statistics, there have been annual average wage rises of 12.1 percent in the maintenance sector; 7.9 percent in the property sector; 4 percent in PR; and 2 percent in I.T.
More temporary and self-employed posts
A recent report from The Association of Professional Staffing Companies has identified an emerging trend that seems to be the result of Brexit uncertainty. Rather than making a long-term commitment by hiring permanent workers, an increasing number of employers are looking for temporary of self-employed recruits to help them meet demand.
Good news for bilingual jobs in the UK
While the number of vacancies for permanent recruits has fallen in some sectors, there’s good for those looking for bilingual jobs in the UK. One of the leading job boards reported an increase in the number of advertised vacancies for German and Dutch speakers, with other European languages following close behind.
How can we help?
Looking for bilingual jobs in the UK? Get in touch with Linguistica Recruitment today. We find permanent jobs across a range of sectors for bilingual workers on the South Coast of England. Take a look at our current vacancies, send us your CV or call 02392 987 765 to discuss your requirements with our team.