Market Insights 2019 | Midlands
Commerce & Industry
Sometimes called the ‘engine room’ of our economy, the Midlands is a manufacturing hub in the UK, representing over 20% of total output. Birmingham, where the Marks Sattin office is located, has one of the largest concentrations of businesses outside of London.
Specialist Markets
It has been a promising start to 2019, with the usual seasonal recruitment drives taking place across the larger firms and senior level requirements across tax, expatriate tax, advisory, restructuring and insolvency more than doubling in the first quarter
Change & Transformation
We have seen increased hiring mandates over the past 12 months within change and transformation, across both the permanent and interim market. Talent within finance, hybrid IT and project/change were highly sought after as companies strive for growth while also trying to stay lean in order to drive operational efficiencies and increase profitability. This trend has continued so far this year with a steady requirement for both traditional finance and hybrid candidates.
Executive & Interim
Despite the economic and political uncertainty created by Brexit, the Midlands market has experienced an increase in hiring activity during the first quarter of 2019 in the executive and interim space. Dealing mainly with private equity or venture capital backed businesses, clients are seeking CFOs and FDs who can adapt to change and innovation. Investment in infrastructure, real estate and businesses either relocating or opening new offices in the region has certainly created more opportunity and is helping to attract talent from other areas of the UK.
GUEST AUTHOR: Breaking the Silence
Wellbeing is in the workplace whether we like it or not, and the healthier your workforce the better your business will perform. Businesses in the FTSE 100 who have a robust wellbeing strategy are outperforming all of the others and evidence suggests that for every £1 invested in employee wellbeing your business will generate another £3. It’s hard to understand in 2019 how some boardrooms are still seeing employee wellbeing and mental health as a ‘fluffy subject’ and not seeing the direct links between employee energy and their business results. Read more from this guest author here.
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