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More job vacancies thanks to confidence boost for business

Filed under: Compliance — Stephanie on September 27, 2013

Revitalised confidence among businesses has resulted in four per cent rise in advertised job vacancies in the UK, says the Robert Walters European Job Index. The Index compares this year’s first two quarters.

Although the data is good news for professionals, such as those seeing business continuity jobs in Britain, the Index suggests that the growth is stunted throughout a large part of the continent. Luxembourg was the only EU country outside of the UK with an increase in the number of jobs advertised. The increase was largely driven by increasing regulatory demands, as well as a call for qualified compliance professionals.

Perhaps the harshest falls in advertised European jobs were seen in Switzerland, which fell by 10 per cent, Spain by nine per cent, Ireland by nine per cent and Belgium by nine per cent.

The CEO for Robert Walters Africa, UK and the Middle East, Chris Hickey, commented on the findings:

“There was an element of cautious confidence in the market in Q2, particularly evident in London and the South East. Large financial services institutions showed signs of improvement, and people within this sector have been more confident in seeking new opportunities. There was also greater activity within IT as a number of start-ups sought to expand their European footprint.”

Hickey said that certain multinational corporations maintained their shift towards lower cost areas – namely Birmingham and Manchester – which results in an increased need in these cities for professionals in various sectors.

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