The results of the Robert Walters City Jobs Index have shown that, in August the number of candidates rose by 17% compared to July and by 9% compared to August last year.
Strong growth in the UK economy throughout 2015 has spurred confidence among candidates and, following the traditionally quiet summer period, professionals are preparing to look for new roles.
This confidence among candidates is certainly justified. In the year-to-date we have seen strong growth, with the number of positions up 18% compared to the same period in 2014.
Essentially, we are seeing a return to pre-recession sustainable growth which in turn is providing a favourable jobs market for candidates. 2015 has shown a thriving jobs market in the City, and candidates are feeling increasingly assured that they are in a strong position to look for new opportunities. As we prepare to move into Q4, it looks likely that candidates will be searching for new positions. 2015 has shown a thriving jobs market in the City, and candidates are feeling increasingly assured that they are in a strong position to look for new opportunities. As we prepare to move into Q4, it looks likely that candidates will be searching for new positions.
We are still seeing a healthy jobs to candidates ratio, even though we did see a small decline in the number of jobs in August, traditionally a quieter period for new jobs. Despite uncertainty around the global impact of the economic situation in China, the trends for 2015 so far have shown a City well on the road to recovery.
Projects professionals looking to move
In August 2015, there were 4995 candidates seeking positions and 7995 vacancies in the City in total.
The findings show that in this month projects professionals were particularly active in seeking new roles. The number of projects candidates rose by 9% compared to the same time last year and by 18% compared to July of this year. As global regulatory pressure continues to drive employers to recruit projects specialists, candidates are entering the jobs market attracted by the high-salaries on offer to suitably qualified professionals.
Sales and marketing professionals in high demand
August also saw the high demand for sales and marketing professionals continue with the number of roles up 21% compared to August last year.
Colin Loth went on to say,the level of demand for sales and marketing professionals is often an indication of wider confidence among employers. When firms are looking to grow, professionals responsible for acquiring new business are vital and the fact that employers are actively seeking staff with these skill sets is a very positive sign.
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