Hiring trends in the UK in 2017
Financial services and related industries may continue to be impacted by global macroeconomic and geopolitical factors, including the knock-on effects from elections in the USA and Europe. However, the control functions of risk, compliance and audit should continue growing strongly. With the possibility of financial market instability, some hedge funds, broker/dealers and other investment management firms could benefit from changing economic conditions, and therefore may look to increase headcount.
Outside financial services, we anticipate that corporate hiring trends will be consistent with the second half of 2016, particularly in the growing digital and technology sector. E-commerce, fintech and big data analytics should represent growth areas in the UK, with specialists in these fields highly sought after.
Salaries were largely stable throughout 2016 and we expect this to continue in 2017. Specialist skill sets will still command a premium, particularly in areas suffering from candidate shortages. Experts in emerging fields such as fintech should be able to negotiate relatively high salaries compared to other more established industries. Finance, procurement, supply chain, digital and technology will also continue providing a premium to those candidates with in-demand skills.