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The clear exception is the finance and accounting sector where vacancies increased by per centin July. Most likely due to a reluctance to bring on board talent on a permanent basis until there is greater clarity around what Britain’s relationship with Europe will look like post Article 50 – and how this will impact the operations of multi-national financial institutions moving forwards.
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“It is interesting that demand for contractors within financial services remains strong despite widespread volatility in the sector. Lloyds Banking Group, for example, said in July it would axe 3,000 jobs and close 200 branches to cushion against a more testing economic environment caused by Britain's vote to quit the EU.
"Similarly, European banks including HSBC and Deutsche Bank have also gone on record to say they may have to move people or activities to France and Germany if rules around passporting rights change post Article 50. It seems that an increasingly flexible workforce is being utilised to keep the wheels in motion until there is greater certainty around what the UK’s future relationship with the EU will look like. Until then, the professional recruitment sector will continue to provide talent to firms’ immediate and short-term needs.”
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Susie Hughes © Shout99 2016
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