Brexit fears causes 10% drop in job opportunities report CV Screen WEDNESDAY, 13 APRIL 2016
- Decrease of 10% year-on-year for available jobs
- Increase of 14% year-on-year in application rates
- Brexit worries causing uncertainty in the permanent jobs market in the UK
- Demand for candidates with strong Digital Marketing, Web Development and Software development remains high
Brexit worries in the first quarter of 2016 have been a large contributory factor to a 10% drop in the number of available jobs in the UK report specialist recruiter CV Screen.
During the same period the number of job applications has risen by 14% with the number of applications per job advert now averaging 114.
With the referendum on the UK’s membership fast approaching the knock on effect has been that many employers have stalled on their recruitment. CV Screen Director Matthew Iveson commented “we have seen more roles put on hold in Q1 than in any quarter for the last number of years as employers adopt a wait and see approach. This trend is likely to continue until after the June referendum.”
Across the three main recruitment divisions at CV Screen (IT, Marketing & Digital and Accountancy & Finance) there have been a number of areas which continue to see high demand. “We continue to see high demand for those with Web & Software Development skills and also those with strong Digital Marketing experience.”
Alongside these historical areas of high demand CV Screen has noted within their Accountancy division that there has been an increase in demand for those with strong Credit Control experience “this could well be a sign that customers are paying later and finance departments are reacting accordingly, with rumours of an economic slowdown it is natural for companies to ensure that credit control is tight.” says Iveson.
Outlook for Q2
The UK jobs market on paper looks to be in a good position still with unemployment rates at a historical low and Iveson believes that Q2 may well see an improvement from Q1 “the early Easter will help in terms of any pent up demand from Q1 will fall in to the new tax year which is a time when new budgets are often set. That said the concerns surrounding Brexit is likely to mean that the UK jobs market remains uncertain and it may be that we have to wait until Q3 before demand increases significantly.”
Established in 2000, we charge just 12.5% of the basic salary and have provided cost effective resourcing solutions to a host of well known organisations such as the FA Premier League, Mamas and Papas and Red Bull.
As one of the UK’s leading recruitment agencies, CV Screen have specialist divisions focusing on Accountancy, Marketing and IT Recruitment.