Market Insights 2018 | Business Change & Technology, London
The London change management 2018 Market Insight Report covers the following areas (click below to view salaries):
Change | Financial Services
2017 was a relatively stable year for financial services (FS) change management recruitment. Trepidation in the general contract market resulted in a 30% increase in permanent placements. Uncertainty around the impacts of Brexit, i.e. passporting, will see a push for change consultants to work on programmes, although in the short to medium term this uncertainty has led to hiring freezes while we look for further clarification on the final deal.
Looking forward, candidates should identify new trends in political and technological advances in order to sell their transferable skills to clients navigating these new unchartered territories.
Change | Commerce & Industry
After a sluggish start to the year in the change management space, the market gained traction in the run up to the financial year end. The new budgetary cycle resulted in an encouraging uplift in job flow as new projects were approved and started gathering momentum.With uncertainty and opportunity present in equal measures, market conditions are primed for growth in the change management and transformation space. Professionals in this area will be needed to help businesses achieve their strategic goals, whether these are to reduce costs, improve efficiency, implement new systems and technology, or grow through acquisition.
Technology
2017 was a positive year for technology hiring, with the number of new roles up across the board and confidence in the market continuing to increase. Many larger companies started significant technology change programmes in 2017 and the need for specialist skills to support these initiatives drove the increase in temporary hires. In the year ahead, GDPR and data protection will continue to gather momentum as more companies realise their shortfall in regulation compliance. We also predict there will be an increased need for true ‘change agents’ to head up and support projects, rather than just project managers who have delivered change.
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