London job growth thriving

Latest findings have revealed that despite the Brexit deadline looming, professional employment across London is continuing to see significant growth.

The latest data, compiled by the Association of Professional Staffing Companies (APSCo), based on research undertaken by Vacancysoft, found that the technology sector is the largest and fastest growing, recording a significant 44% increase in hiring activity year-on-year.

Given this, it’s no surprise that demand for IT professionals increased by 25% year-on-year, forming 37% of all advertised positions.

With the rise in hiring activity across several sectors, growth in demand was also significant for HR professionals, where placements increased by 33%.

Vacancies for B2B business development & sales professionals also increased by 37%, accounting for 6% of all professional vacancies.

Technology, Media & Telecoms (TMT) meanwhile saw a 32% rise in demand for talent. As BBC, Sky and Facebook all hold positions in the top 20 companies for hiring in London, this is unsurprising.

There was also a notable rise in accounting & consulting positions, with demand rising by 20%. Similar to TMT, leading accounting & consulting firms populate the top 20 list of companies driving recruitment in the city. KPMG LLP holds the top position, with hiring increasing by 76% year-on-year in Q1 2019. EY and Deloitte LLP also make the list.

Commenting on the data, Rina Durban, Membership Relations Manager at APSCo, said, “It’s fantastic to see that the capital is withstanding Brexit pressure and that the job market is still strong. London’s rich talent pool, particularly in the technology sector continues to draw in leading companies to encourage market growth. Demand in this area is now particularly high as London has successfully pivoted into becoming one of the leading global hubs for technology.”

To find out more about contracting please contact Sophie on 01442 795 100 or email sophie.lewis@contractoumbrella.com.