As expected, the current pandemic has had a significant impact within the world of work, however, this hasn’t all been negative.
Broadbean Technology revealed that the number of applications per vacancy had increased 34% for temporary and 25% for contract positions when compared to the same time last year.
In contrast, the number of candidates applying for permanent roles was down 5% year-on-year, with Broadbean Technology believing that this is perhaps indicative of the current sentiment of the UK workforce – with people reluctant to change jobs during the on-going uncertainty and instead choosing to remain with their current employer until the dust settles.
The findings also show that despite vacancies dipping by 11% across the UK during the last week of May, opportunities for internships increased as employers look to future proof their businesses.
According to the data, internship and graduate opportunities saw a 30% increase ahead of the summer season. This is indicative of more employers implementing virtual internships to combat lockdown restrictions, with firms across financial services – including Credit Suisse, Deutsche, Goldman Sachs, JPMorgan, Morgan Stanley and UBS – announcing the launch of online schemes.