IT and financial service sectors lead UK job market growth

The study found that permanent jobs in IT and finance & accounting, rose by 31 per cent year-on-year and 17 per cent year-on-year respectively, in line with David Cameron’s view that Britain will become the “jobs factory of Europe.

The reasons for the growth in IT is said to be as many businesses look to improve user experience to compete with rivals, advancing technologies and increased user expectations. The report noted that UX has such an impact on the performance of a company that the trend is only expected to continue. 

It also comes alongside the surge of Tech City schemes across the UK, which has resulted a much more competitive salary being offered in regions outside of London as they look to pull in talent from the capital.

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Meanwhile, the financial growth is put down to increased economic confidence and more investments being made, complemented by CBI data that said the UK’s financial sector experienced the “biggest upsurge in business since 1996 in the final three months of last year.”

Ann Swain, CEO of APSCo, said: “As the UK takes the podium for the world’s fastest growing advanced economy, it is clear that this bright, fresh economic landscape will continue to have a positive impact on recruitment levels across the UK.

“The fact that vacancy numbers within finance are once again showing significant signs of improvement reflects the reality that the recession is now well and truly behind us. It seems that London has undoubtedly regained its crown as one the most eminent international financial centres – and the value that brings to the UK economy should not be under-estimated. There is no doubt that the UK remains a world-leading place to do business.” 

Across the board, APSCo found that average salaries in all professional sectors were up by 3.7 per cent year-on-year, with engineering, financial services and IT experiencing growth of 10.5 per cent, 5.3 per cent and 2.8 per cent respectively.

Image via Shutterstock.

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