Recruiters and businesses alike must stay up-to-date with trends emerging within various recruitment sectors. Having knowledge of which industries are on the rise inevitably helps recruiters stay ahead of the employment market. More importantly, seek out new areas of business with clients and provide candidates with the latest opportunities.
Below we share three recruitment sectors that are rapidly expanding and are geared for growth between now and 2020.
The IT sector
While the IT sector has been a crucial aspect of a number of industries for several decades, in recent years the sector has been undergoing tremendous growth.
According to statistics, in 2013 the Information Technology industry experienced a growth of 11% compared to the previous year. In fact, the IT sector is the fastest growing industry since the dot com boom of the late 1990s.
Being a naturally fast-paced, dynamic and specialist industry, the knowledge and skills required to successfully join and enjoy career advancement in the IT sector are constantly evolving.
From big data analysts to web designers, SEO experts to app developers, the increasing demand for a huge variety of professions and skills that falls under the hugely diverse spectrum of Information Technology, means IT is a lucrative sector to be in.
The finance recruitment sector may have taken a nosedive during the recession but has recently experienced a U-turn. In January this year, it was reported that new financial services jobs in London had risen for the first time in almost two years. The recent growth in financial services recruitment is likely due to banks beginning to think about progress once more. This is excellent news for the economy after spending a number of years restructuring since the recession.
The multinational professional services PriceWaterHouseCoopers predicts sustainable growth of the financial services in the UK could potentially generate in the region of 265,000 new jobs and a 3% GDP growth by 2020.
From the mid-1990s, renewable energy began to significantly contribute to the electricity being generated in the United Kingdom. With sustainable forms of energy on the increase in the UK, the number of jobs in the renewable energy sector is also rising sharply.
For example, according to RenewableUK, the trade body for the UK and marine renewables sector, as of 2013 the wind, wave and tidal energy sector alone, has seen a 74% increase in the number of jobs within the industry since 2010.
The consistently evolving industry landscape in the UK means recruiters face the challenging task of staying up-to-date with emerging trends and demands.
With the IT sector currently thriving and showing no sign of abating, it is difficult to disagree that Information Technology, and its myriad of strands and avenues, is a lucrative profession to be in.