Jan 16th 2018 3:01pm
Britain’s job market continued to thrive in the first week of 2018, figures released by totaljobs have revealed. A record 54,000 jobs were advertised between 1st and the 7th January 2018, 9,000 (20%) more than in the same period last year.
Looking across the UK, the picture was positive with all regions showing annual growth in terms of the number of available jobs in the first week of 2018. The North West and London were among the strongest, with 27% and 38% more roles advertised year-on-year respectively.
David Clift, HR Director at totaljobs said:
“Despite political and economic uncertainty, the UK job market thrived in 2017 with unemployment reaching its lowest level in 42 years. Our data suggests that this momentum is set to continue into 2018, with 20% more jobs available now than a year ago.
“The good news for people looking to make their next career move is that there is a wide choice of vacancies available, right across the UK.”
As employers display confidence by advertising more jobs across of the UK, whilst progressing through the year leading experts predict three trends to continue to dominate the wider employment landscape in 2018:
Prediction data indicates that UK productivity levels are amongst the lowest in the G7, with the GDP output of the UK economy currently sitting 20% lower than pre-recession trends forecasted that it would. In order to navigate through this both employers and employees need to assess the causes of poor productivity and find ways of improving their individual performance. As a major focus of the UK’s recent industrial strategy whitepaper, the government expects that companies will look to artificial intelligence as a potential fix for productivity problems.
Unavoidably, the outcome of ongoing Brexit negotiations will continue to shape the nature of the British workforce. There are certain skills that will always be in demand. However, businesses have already warned that potential changes to the free movement of labour could widen an already growing skills gap. The construction industry is particularly concerned about the implications on the sector however is making rapid changes in order to counter balance this.
Budding trends, designed to resolve the issue, include the gig economy, AI and as we progress through 2018 there is a clear focus on freelance workers who continue to grow as they begin to plug the skills gap.
As already mentioned, artificial intelligence (AI) is dramatically becoming a method in which employers are utilizing in order tackle the skills gap. As presented in the image below, the construction industry is rapidly utilizing AI as a way in which to streamline their processes. With all companies over 250 employees needing to report their gender pay gap by 4th April 2018, forecasting statistics estimate that employees will demand more of their employers in readdressing gender inequality this year.
David further added:
“2018 will be an interesting year for employment, with a number of major changes set to rock pre-conceived notions on their head. Employees are now in a position to make bolder choices thanks to favourable employment levels and are making their voices heard.
“2018 will also be the year to rectify a number of long lasting issues, such as gender inequality and lagging productivity. This is definitely a year to watch and we’re positive it will another strong year for both employers and employees.”