Hiring trends in the UK in 2018
Demand for professionals should continue in 2018 despite uncertainty around Brexit. Businesses will implement projects to adapt to changing economic circumstances, develop new supply chains and consider expanding into international markets, all of which will drive hiring. Regulatory specialists will be sought after by banks and financial services firms due to ongoing legislative pressure. As demand outstrips supply for compliance, legal and risk professionals, employers will struggle to secure top talent. Hiring activity will remain high in Manchester and Birmingham, with the tech sector expected to expand in both regions.
Manufacturing and FMCG firms may be quieter as Brexit approaches and new supply chains need to be established. However, this should also create demand for procurement specialists with international experience. Salary growth will be limited across most roles. The technology sector will be the exception, with cyber security and business intelligence specialists demanding significant pay rises when moving roles.
Regulatory specialists will also receive increases due to the shortage of these professionals. Employers will need to emphasise the potential for career progression when looking to secure top talent, offering tangible requirements for promotion. Businesses should consider offering remote working, with professionals prioritising work-life balance when choosing a role. Due to continuing skills shortages, operating rapid hiring processes will be vital to avoid losing desirable professionals to competitors.