Businesses in the IT and finance sectors are increasing their rates of hiring, according to a new report from the Association of Professional Staffing Companies (APSCo) and Vacancysoft.
Analysis from the organisations’ Sector Trends report indicated that vacancies within financial services increased by 29.4 per cent during the three months to May 2017, despite a 2.1 per cent dip year on year.
Commercial banking continued to make up the bulk of these new job opportunities, accounting for more than the insurance, investment and consumer finance sectors combined.
In regional terms, London continues to be the financial capital of the UK, with 54.9 per cent of all vacancies located there. However, the best rate of growth was seen in the West Midlands, with a 29.7 per cent increase.
Ann Swain, chief executive at APSCo, said: “While there are isolated cases of financial institutions such as the Nationwide Building Society announcing fewer vacancies, impacting on the south-west of England in particular, we are on the whole seeing a sustained and measurable increase in opportunities in the sector, which is very encouraging news for the economy as a whole.”
Greater London was also the key driver behind the recent rise in IT vacancies, with APSCo and Vacancysoft’s report indicating that the region saw a ten per cent rise in vacancy volumes in the three months to May 2017 compared to the previous quarter, as well as a 2.6 per cent year-on-year rise.
The marketing and PR sectors experienced the biggest growth in terms of the number of openings, while the public sector and educational fields also demonstrated a strong commitment to creating new vacancies for IT professionals.