As we come to the end of Q1, our expert recruitment consultants have provided insights into the current employment market within the Projects, Transformation and Consulting space.
In this Q1 Review, we will be looking at; current trends within the Projects, Transformation and Consulting market, talent attraction and retention, unique industry benefits, relevant skills and qualifications, notable behaviours from professionals and any legislation changes or political events set to have an impact on the industry.
The Financial Services sector continues to be a hub of activity, and in particular in regards to the Professional Services and Consulting space. This buoyancy is set to continue ahead well into 2019. However, as with the nature of all project work, they have a set beginning and end date and therefore talent retention is not as straightforward as within other spaces. However, as there are so many opportunities within the transformational space on the market, this means that there are more roles available for both contract staff as well as permanent within an organisation.
The contract market in the Project, Transformation and Consulting market is continuing to go from strength to strength. Professionals within this space are constantly looking to work on new, cutting edge projects in aid of career progression - therefore leading to fluidity in the market. There is an abundance of relevant opportunities within the contract space at the moment and the variety of such a career path also lends to its appeal.
Exposure to digital transformation, experience in regulatory change and finance transformation sets professionals apart from the rest in terms of desirable skills and qualifications. Organisations look for experience in these three areas in particular when it comes to seeking qualified professionals.
In terms of upcoming trends, as with most industries entering 2019, Brexit is having a huge impact. Many employers are getting their businesses prepared for a possible No Deal Brexit, which is causing stress and uncertainty as there is a continued lack of clarity from the UK on future market circumstances.
Click here to read the rest of our market updates for quarter 1.