Latest figures have shown that demand for engineers is still strong, but businesses are struggling to source the talent they need.
New research from the Association of Professional Staffing Companies (APSCo), using data provided by Broadbean Technology, revealed that engineering job applications have seen a sharp decline.
Numbers fell 36% month-on-month in July – the largest drop seen in the last two years, with firms finding it difficult to fill roles with the available resources on the market.
Ann Swain, Global CEO, APSCo, commented on the findings, “We’re seeing peaks and troughs in engineering recruitment that are perhaps to be expected given the economic climate. While there was a significant monthly fall in vacancies in July, particularly when compared to May and June levels, demand for talent is still strong.
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Email Jaime“The fact that the number of job vacancies for 2023 are, so far up 5% on last year’s figures indicates tough competition for engineering talent.
“Consequently, July’s fall could be a sign of employers’ reticence to publish new vacancies when they are already struggling to fill the ones they have.
“This is backed up by the fall in application numbers which is particularly concerning. With July seeing a significant decline in both the overall levels of job applications and the APV rate, it’s evident that the talent crisis is far from over.”
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