CAT | UK
Our most recent Global Job Search Survey completed by 633 jobseekers in Australia, New Zealand and the United Kingdom has provided some interesting insights into the changing behaviours of Global jobseekers over the past 5 years.
- Social Media – LinkedIn continues to grow / Facebook is not
- Use of Google & Generalist Job Boards slips back
- Newspapers & Magazines hold steady
To read more about how job search behaviours have changed over the past 5 years, CLICK HERE ….
Reflecting positive job market reports coming out of the UK, demand for NZ / OZ professionals has been steadily rising over the past 6 months. Read our latest report Global Insight – UK Market Demand – Q1 2013 to see how current demand stacks up against previous years.
With 92 Global Jobseekers finding work across 81 UK employers in Nov 12, it turned out to be the best month of the year. CLICK HERE for more details and a cross-section of UK businesses that have recently hired the best of Australasain talent in the UK.
Prospects for NZ/OZ professionals heading to the UK continue to improve with growing reports of a brighter job outlook likely to further increase strong demand for their skills.
For the latest in UK demand for Australasian professionals, click here …
Despite all of the economic and political woes in Europe and the United Kingdom over the past four years, a strengthening trend of growing demand for Australian and New Zealand professionals continues.
DEMAND REMAINS ABOVE LONG TERM AVERAGES, LARGELY UNCHANGED FROM THE PREVIOUS YEAR
During a year dogged by growing concerns about the euro-zone debt crisis, the UK economy and what seemed like the future of the world in general, demand for Australian and New Zealand professionals in the United Kingdom finished the year pretty much at the same level as 2010 – 13% above the long term average.
The year started strongly with demand running more than 17% above long term averages, demand then dropped and fluctuated during the middle part of the year before recovering in the last couple of months of the year.
Given that most commentators would say 2011 was a far worse year than the previous in many respects, this was a strong result. We are not surprised.
We believe that ongoing and strong demand for Australian and New Zealand professionals in the United Kingdom is primarily driven by a growing scarcity as a result of the following factors:
- Numbers of Australia, New Zealand and South African migrants entering the United Kingdom to work have fallen nearly 40% from 2008 to 2010; from 42,560 to 25,640 respectively (ref: Home Office Migration Stats – Sept 11).
- From 2008 to 2010, the numbers entering the United Kingdom on UK ancestry visas fell by more than 42%
- South Africans are no longer eligible for the Tier 5 Youth Mobility Scheme
- The Tier 1 (Highly Skilled Workers) General Visa being abolished
So what are the likely prospects for Australian and New Zealand professionals in the United Kingdom in 2012?
Job outlook figures released in December 2011 by the Recruitment & Employment Confederation (REC) show that 81% of employers plan to either grow their temporary workforce or keep it at existing levels. Of those businesses, 31% planned to increase the size of their temporary workforce in the short-term, compared with 22% at the same time last year.
In that sort of market, in a situation defined by strong demand and diminishing supply, if you’re an Australian or New Zealand professional heading to the United Kingdom…. IT’S ALRIGHT. YOU’LL BE OK.
SUMMARY ANALYSIS AND OBSERVATIONS
- General market sentiment in the UK continues to be one of cautious and moderate growth in the private sector with staff cuts and wage freezes in the public sector
- Uncertainty continues in the financial services sector with little clarity expected to emerge over the next couple months
- Weakness in large banks, the traditional stamping ground for Australians and New Zealanders, is starting to be offset by stronger performance in commerce and industry
- Public sector remains weak – although this does not traditionally have a big impact on Australians and New Zealanders travelling to the UK
- Very strong demand for finance, accounting and banking professionals remains unchanged from 2010, although demand in this profession has now concentrated more on those that are able to demonstrate experience in commerce and industry, or with specialist skills.
- The strong rebound in the demand for human resources skills during the third quarter did not continue, and as a result, overall demand for the year tracked slightly ahead of the previous three years although down on 2010 levels
- Demand for legal professionals remains steady, slightly ahead of levels of the previous three years, while marketing and communications continues to perform strongly
ABOUT GLOBAL CAREER LINK
Global is an international career portal that has helped over 20,000 job seekers find jobs in Australia, New Zealand and the United Kingdom over the past 11 years.
As well as helping people find jobs, Global shares insights into market trends and market intelligence with job seekers, employers and recruitment consultancies.
- UK Market Demand Ratio = total number of job seekers accepted for interview / (total accepted for interview + total not accepted for interview)
- Average UK Market Demand Ratio of 70% is calculated between January 2008 and December 2010
- 97% of Global job seekers originate from Australia and New Zealand
USE OF INFORMATION & MEDIA CONTACTS
Global Career Link retains proprietary rights to research material published. Material is provided for general information only. For further information, or consent to use or reproduce any material published, please contact:
Global Career Link, UK
++ 44 207 562-7925
++ 44 7775 907-985
Download >> Global Insight – UK Market Demand Monitor – Dec 11 <<
Posted by Bernadette in Accounting and Finance, Asia & Middle East News, Global Insights, HR, Ireland, IT, Law, Marketing and Communications, NZ, NZ, NZ Inspiration, NZ News, NZ Research, OZ, OZ, OZ Inspiration, OZ News, OZ Research, UK, UK, UK Inspiration, UK News, UK Research
23 December 2011 – Normal hours
24 December 2011 –2 January 2012 - All Offices Closed
3 January 2012 – London Office reopens
4 January 2012 – Auckland & Wellington (Incl Australia) Offices reopen
The number of New Zealand citizens crossing the Tasman Sea to live in Australia has hit 1,000 a week, reports news.com.au.
For the first time ever, the number of New Zealanders heading to Australia exceeded 50,000 for a calendar year – and that came only at the end of November.
Click here to read more
Turnover in the UK’s recruitment industry has bounced back by more than 25% to just under £25bn, according to the Recruitment Industry Trends Survey 2010/11 launched today [9 November] by the Recruitment & Employment Confederation (REC).
The report, which covers April 2010 to March 2011, reveals a sharp upsurge in annual industry turnover to £24.6bn, an increase of 25.3%, compared to £19.7bn in the same period the previous year (April 2009 to March 2010).
Click here to read more
After a strong start to the year in 2011, demand has dropped slightly in the second and third quarters.
Increasing worries over the state of the Europe economy and the weakness in large banks, the traditional stamping ground for Australians and New Zealanders, is creating a weaker demand than previous. That said strong experience in industries outside of banking and financial services are still being sought.
With the employment market tightening up in the last couple of months we have been looking into some high level job seeking success being achieved by Aussies and Kiwis in the UK. This month’s theme is around higher education and whether it really pays dividends in the job search – hence the Masters of the Universe title to the article.
While it is hard to draw a direct correlation between whether it is the degree or the person that lands the job, in every success story below the job seeker has a Masters degree:
Is it the ticket to sponsorship…?
Certainly having higher education can be a significant leg up when it comes to sponsorship as it demonstrates that you often have a more unique position and set of skills. This was certainly the case with a job seeker that gained a performance analyst role at a leading multi-boutique fund manager who within three and a half months had been offered sponsorship. This is what they had to say about the job “I am still placed at Hermes Fund Managers in a Performance Analyst position and am quite enjoying the company and the people who I am working with. I have received very good feedback from my manager and other key managers within the Hermes business. So good in fact that they have asked me to consider sponsorship! “
Masters in management studies – managing the jobs
One of the world’s leading television channels or an iconic London department store (Discovery Channel versus Selfridges) that was the decision facing this Master Job seeker. The issue was one of a short-term temporary position versus a permanent job. The permanent job was the one wanted but the process was taking a long time, therefore the bird in the hand – the Discovery Channel job was taken. However, the Master kept going through the process with Selfridges and eventually it ended with a job offer – which was duly accepted.
Despite leaving the Discovery Channel a little in the lurch this was a great play because if the permanent position had not come off the Master Job seeker still had a job.
Master of business marketing (as well as personal marketing)
Despite the slowdown of recruitment in UK banks, they will still take quality when they see it. Enter our Master Job seeker who scored a £70,000 job at a leading UK bank, which was about £20,000 over the job seeker expectation and represented a great effort. Although we will point out it was a waiting game – as this Master Job seeker had been searching for that perfect position for a good while.
So in summary it is a matter of persistence and being able to use that extra bit of clout to secure a great role. If any of you want to talk about your qualifications and the impact that they are likely to have on your job search our team are ready to listen and provide guidance
WHAT IS THE COMMON TRAIT THAT BRINGS ALL THESE SUCCESSES TOGETHER?
These Global job seekers were 100% ready when they hit the market and so when opportunity presented itself they were ready to jump on it. So if you are not already, get in touch so that we can start helping you get 100% ready for the UK. ABOUT GLOBAL CAREER LINK
Global is an international career portal that has helped over 20,000 job seekers find jobs in Australia, New Zealand and the United Kingdom over the past 10 years.
As part of helping people find jobs, Global shares insights into market trends and market intelligence with job seekers, employers and recruitment consultancies.
USE OF INFORMATION & MEDIA CONTACTS: Global Career Link retains proprietary rights to research material published. Material is provided for general information only. For further information, or consent to use or reproduce any material published, please contact:
Deb Brown Bernie Kelly
General Manager Managing Director
Global Career Link, UK Global Career Link, NZ
++ 44 207 562-7925 ++ 64 4 499-3250
++ 44 7775 907-985 ++ 64 274 525-054