We are delighted to celebrate our ten year anniversary in theThames Valley this year. A lot has changed over the past ten years and we have become a leading agency in the region, covering Berkshire, Oxfordshire, Hampshire and Buckinghamshire. 2018 represented our best performance to date, beating our previous best by 38% NFI (Net Fee Income).
2018 has been a busy time for the transactional market in the Thames Valley, with the fight for talent as fierce in this area of the market as it is at the newly qualified level. Candidates are looking for their first study contract and typically have a few years’ experience behind them. With a wide range of options available, the best candidates are not around for long and a swift recruitment process is a must for companies who want to secure top talent.
The executive market has been extremely busy in the Thames Valley, despite the uncertain political backdrop. There was a 73% increase in the number of roles registered over the previous year, with the majority of these within the SME market.
The market for part qualified candidates has been highly competitive for the last couple of years. With the unemployment rate staying consistent at 4%, the pool for best in class candidates is shrinking. Coupled with an increase in the number of vacancies registered, this makes for a heavily candidate driven market. Recruitment strategies and control of the process is pivotal to ensure clients secure the best talent.
The qualified finance market in the Thames Valley was buoyant in 2018, in line with an active overall market for finance, accounting and commercial professionals. There has been a greater demand from clients for finance candidates to be value-add than simply reporting. They are looking for candidates who can influence and partner with business stakeholders to make an impact on the strategic direction of the business.
The pool of candidates in the specialist markets division has remained small this year. With both practice and industry competing for the best talent, employers are making sure they are looking after their people. We stay in touch with our candidates even when they are passive and the clear message from them is that they are happy in their roles and not looking to move.
The Surrey recruitment market is one of the most buoyant and fastest growing in the UK. There are multiple factors contributing to its growth, including the arrival of some exciting new industries in the area. A number of global organisations have opted to relocate their head offices away from the city, resulting in a rise in the number of quality roles. Our Surrey office is relatively new (having opened earlier this year) and we have been able to capitalise on the growth in the area and offer many new opportunities to our candidate base.