Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
Home Finance New data: Fall in vacancies indicates a difficult recovery for Scotland’s economy
Finance

New data: Fall in vacancies indicates a difficult recovery for Scotland’s economy

by uma July 22, 2022
July 22, 2022
gawdo

 

The number of jobs in Scotland decreased significantly by 45% in June compared to March with the dip being felt across all key sectors, threatening to hinder Scotland’s economic bounce back. That’s according to recent research from the Association of Professional Staffing Companies (APSCo).

The data, provided by the world’s largest network of job boards, Broadbean Technology, revealed that IT continued to be the biggest creator of job opportunities in Scotland, accounting for 13% of the total (unchanged month-on-month). However, its 5,500 jobs tally was less than half March’s figure. Engineering took the second spot accounting for 11% of Scotland’s vacancies in June (up two percentage points on March’s figures) with building & construction dropping one percentage point to 9.4%.

Average permanent salaries rose in most industry sectors to help meet the rising cost of living. Of the top sectors for job numbers, medical & nursing paid the highest salaries, at over £48k, rising slightly from March. Interestingly, oil & gas, such an important sector for the Scottish economy, came second at just under £47k. Notably, salaries in the IT remit have risen to almost £45k, as recruiters try to attract new talent to this fast-growth sector. Conversely, call centre & customer service and admin & secretarial jobs had the lowest salaries, both paying under £23k. Despite some of these promisingly high salaries, it looks like pay increases will struggle to mitigate inflation, which hit a record 40-year high in May.

Elsewhere, application per vacancy (APV) numbers continue to drop. Call centre & customer service roles did, however, record an average APV of 34, up by two month-on-month. Whereas, IT jobs received only 14 applications, which is indicative of the sector’s well-documented skills short market.

Ann Swain, CEO of APSCo, commented:

“This latest data shows a sharp fall in staff availability in June across many white-collar sectors. From the statistics, it appears that many employers are responding to this shortage of highly-skilled professionals with monetary incentives. While it’s certainly important to be mindful of inflation, reliance on financial incentives alone isn’t sustainable and won’t solve the skills crisis. A focus on developing skills in the workforce, hiring from wider talent pools to boost diversity and an internationally viable recruitment route are needed to help narrow talent shortages.”

“In a post-Brexit and Covid-hit economy, the strength of Scotland’s labour market will be paramount to the country’s economic recovery, and with APSCo’s latest data indicating a fall in jobs and application numbers, the country’s economic stability is potentially under threat. If Scotland’s economy hopes to bounce back, greater support from our Government is needed to help make the employment market globally competitive and fit for purpose in the current economic landscape.”

www.gawdo.com
Share on FacebookShare on TwitterShare on Linkedin
0 FacebookTwitterPinterestEmail
previous post
End-to-End Encryption Expands to Zoom Phone and Breakout Rooms
next post
Social Media Pixels Are The Evolutionary Successor To Lost Cookies

You may also like

UK’s number one funeral plan provider authorised by...

August 2, 2022

Grayce invests £4m+ in new collaboration hubs and...

August 1, 2022

Most Australian lawyers and accountants are concerned about...

July 29, 2022
Editorial & Advertiser disclosureEditorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gawdo.com
https://www.gawdo.com
  • About us
  • Advertising & Terms of Use
  • Contact Us
  • Privacy Policy

@2021 - All Right Reserved.


Back To Top
Startup Observer.com
  • Home
  • Industries
  • Innovation
  • outsourcing
  • Business
  • Finance
  • Headlines
  • Opinion
  • News
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT