While modest growth is forecast for the UK economy as a whole, in light of Brexit uncertainty, the following industries are looking healthy and are increasingly areas for successful recruitment.
IT and technology
2018 was a positive year for business growth in the IT and technology sector. Cybersecurity professionals have been in increasing demand in light of a recent wave of cyber-related crime. Many vital skills are needed, so recruiters face problems attracting the ideal candidate.
The IHS Markit on the Purchasing Managers Index has published figures showing positive growth of 52.2 percent in the construction industry, and job creation remains strong, with investment returning to the sector.
Short for financial technology, this sector looks likely to dominate the UK economy. With the finance industry experiencing challenges, demand for technical skills remains high.
According to the London Stock Exchange, Fintech companies are anticipating 88 percent growth over the coming three years. Demand is so high, employers are relying on contractors rather than permanent employees.
Data from the CBI has disclosed that the manufacturing sector has witnessed growth at a 30-year high. In October 2017 the amount of manufacturing companies noting a worker shortage was at its highest in four years. Opportunities have therefore arisen for agencies to address the skills gap.
Health professionals have been in increasing demand. The requirement for temporary medical and nursing staff has predominated due to problems in NHS Trusts. Health Education England has revealed that there is a shortage of 42,000 nurses, therapists and midwives in the NHS. The body also found that unless illness rates decrease, the health service workforce will need to increase by 190,000 professionals by 2027.
As more engineers retire than graduate, the outlook for stability and job security is positive. The replacement pool of talent is undersized, with 182,000 employees needed to fill apprentice and graduate roles each year until 2022. Hiring is focused in particular on food/agricultural chemicals, speciality chemicals, plastics/petrochemicals and pharmaceuticals.
Digital advertising and marketing
The advertising industry goes from strength to strength, having adapted to the digital revolution. Eight successive years of growth have occurred, with audio-visual content creation set for big things. This £1.3 billion subdivision grew by 14 percent in the first six months of 2017.
Biotech is predominating in areas such as agriculture, medicine and industry, and has big growth potential: it may ultimately cure diseases and help end world food shortages. British biotech firms in 2017 raised £1.2 billion through investment.
With gaming and digital entertainment popular in Britain, UK companies are at the vanguard of VR becoming mainstream. VR has limitless potential – it can test safety measures, complement police and fire training procedures, provide therapy in hospitals and be used in digital marketing. The market is anticipated to be worth £120 billion globally by 2020.
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