Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Hiring in London reaches record highs

by wrich

The number of new jobs published in London continues to rise, with over 20,000 vacancies in October, marking an all-time monthly high. That’s according to new research from the Association of Professional Staffing Companies (APSCo), the trade association for the recruitment sector.

The data, provided by business intelligence specialist Vacancysoft, reveals that companies in London have published over 171,400 vacancies in 2021 to date, surpassing 2020’s total by 76%. IT specialists are in most demand, with firms in the capital publishing over 54,600 new jobs for these professionals, accounting for 30.4% of all vacancies in 2021. With the pandemic propelling the UK’s adoption of technology and the continued need for talent to manage both remote and hybrid working strategies, it is perhaps clear to see why IT specialists are so highly sought after.

Elsewhere, the data shows that Amazon continues to lead the table of most active hires in the capital. The firm has published over 2,700 vacancies in 2021 and is up 16.4% year-on-year. Despite this, Citi and Sky follow closely behind with even larger hiring surges of 120% and 131.2% retrospectively.

Ann Swain, CEO of APSCo comments:
“The capital is continuing to show incredible signs of recovery after a difficult 2020. With a record month of vacancies reported in October and job numbers continuing to climb for the second half of the year, London looks set to end 2021 on a high, setting the staffing sector up for a strong start for next year. As businesses continue to adapt to a more permanent shift to hybrid working, demand for IT specialists has naturally risen and looks set to continue to grow in the immediate future.
“What will certainly remain a concern, however, is the availability of skills. Staff shortages have been rapidly growing as the entire UK economy begins to recover from the pandemic. Combine the less-than-desirable immigration route into the UK for highly skilled professionals with the rollout of Off Payroll rules, and it’s unsurprising that so many staffing firms are struggling to meet employer demand.”