The latest Robert Walters UK Jobs Index has revealed that job vacancies have risen across the UK, with the number of jobs available in the third quarter of 2017 up 7% compared to the same time last year.
Despite ongoing uncertainty surrounding Britain’s departure from the European Union, employers have continued to source professionals, with many businesses actively increasing headcount.
Hiring activity has remained largely healthy across professional sectors throughout 2017, with employers maintaining a cautiously optimistic attitude. Supply chain and procurement professionals have been highly sought after as employers explore how they can access new markets and establish efficient supply chain processes following Britain’s departure from the EU.
“High calibre tax specialists have also been in high demand. For many businesses, developing and implementing transparent tax strategies is a high priority, particularly in light of the Panama Papers incident earlier this year. As a result, tax specialists at all levels of seniority have been sought after,” said Chris Hickey, CEO – UK, Middle East and Africa, Robert Walters.
Regulatory pressure drives legal and finance hiring
"Pressure from regulators continues to shape recruitment strategies for banking and financial services firms."
Financial services firms have been more heavily impacted than other sectors by the uncertainty surrounding Brexit, with many slowing recruitment. However, ongoing pressure from regulators has driven financial services firms to continue sourcing legal professionals and regulatory specialists throughout the year.
"Pressure from regulators continues to shape recruitment strategies for banking and financial services firms. With employers acutely aware of the financial and reputational risks of failing to achieve compliance, professionals with a background in BSBC239, IFRS9 and MiFID II are all highly sought after,” Hickey continued.
“Legal and accounting professionals with an understanding of overseas legislative frameworks such as Dodd Frank have seen even more acute demand for their skills, with employers facing fierce competition when looking to recruit from this small talent pool."
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