London is lagging behind the regions in generating new job vacancies, according to fresh figures from leading professional recruiter, Robert Walters.
The numbers are drawn from the company’s Jobs Index, which tracks year-on-year changes to the number of advertised vacancies across the UK.
Midlands and North West expand fastest
Job numbers in the capital rose by only 4%, a slower pace than in the Midlands, where employers added 13% more roles compared to a year ago. In the same period, businesses in the North West generated a 5% increase in vacancies.
With demand outstripping supply, businesses will be under pressure to increase salaries or adopt new recruitment strategies to avert employee shortages.
Professions in demand
Nationally, supply chain and procurement has seen the greatest spike in demand, with job numbers up by 50% since the third quarter of 2013.
Vacancies in legal and marketing have surged by a fifth, underpinned by a surge in deal-making activity and a renewed enthusiasm for bringing products and services to market.
Chris Hickey, CEO, Robert Walters UK, Middle East and Africa, says:
“Attention has centred on London as the driving force behind the economic recovery. Yet while job levels continue to expand here, a greater, unseen narrative has been unfolding in the regions.
“Strong jobs growth in areas outside the capital reflects the value of relocating or establishing business operations in these regions. Underpinned by a number of local advantages, including high quality talent pools and established transport networks, we expect to see this trend continue into 2015.
“We expect businesses to come under pressure to raise salaries, particularly as further improvements to the economy intensify the ‘race to hire’. One way of mitigating this is to look at candidates from further afield - with many professionals prepared to widen their job search to other parts of the country or even internationally, make sure your organisation is using all the recruiting channels at its disposal to take full advantage.”
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