Robert Walters European Job Index: Financial services and UK regions lead the way
20 September 2013
The latest Robert Walters European Job Index shows a 4% rise in UK job adverts between the first and second quarters of the year, with financial services and the UK regions leading the way.
Fri, 20 Sept 2013The latest Robert Walters European Job Index shows a 4% rise in UK job adverts between the first and second quarters of the year, with financial services and the UK regions leading the way.
The report shows increasing signs of strength across a number of sectors, including financial services (+27%), energy (+25%) and supply chain & logistics (+22%).
Other areas of the professional job market to show growth are: insurance (+16%), legal (+15%) and manufacturing (+14%).
However, the report reveals big variations across the UK, with Scotland, the North-East and the North-West generating the largest increases in advertised vacancies, and outstripping the traditional hot-spots of London and the South-East.
Chris Hickey, chief executive officer of Robert Walters UK, Middle East and Africa, says: “There was an element of cautious confidence in the market in Q2, particularly evident in London and the South-East. Large financial services institutions showed signs of improvement, and people within this sector have been more confident in seeking new opportunities.
“There was also greater activity within IT as a number of start-ups sought to expand their European footprint. Outside of the South-East, a number of multinational corporations continued to shift their support functions to lower cost regions (Manchester and Birmingham), leading to a demand in these areas for professionals from across a number of sectors.”
The index reveals that the picture in Europe is less rosy for jobseekers, with only Luxembourg registering a rise in advertised jobs. The steepest drops were Switzerland (-10%), Spain (-9%), and Ireland and Belgium, both -9%.
The report shows increasing signs of strength across a number of sectors, including financial services (+27%), energy (+25%) and supply chain & logistics (+22%).
Other areas of the professional job market to show growth are: insurance (+16%), legal (+15%) and manufacturing (+14%).
However, the report reveals big variations across the UK, with Scotland, the North-East and the North-West generating the largest increases in advertised vacancies, and outstripping the traditional hot-spots of London and the South-East.
Chris Hickey, chief executive officer of Robert Walters UK, Middle East and Africa, says: “There was an element of cautious confidence in the market in Q2, particularly evident in London and the South-East. Large financial services institutions showed signs of improvement, and people within this sector have been more confident in seeking new opportunities.
“There was also greater activity within IT as a number of start-ups sought to expand their European footprint. Outside of the South-East, a number of multinational corporations continued to shift their support functions to lower cost regions (Manchester and Birmingham), leading to a demand in these areas for professionals from across a number of sectors.”
The index reveals that the picture in Europe is less rosy for jobseekers, with only Luxembourg registering a rise in advertised jobs. The steepest drops were Switzerland (-10%), Spain (-9%), and Ireland and Belgium, both -9%.
