Tag: Technology Recruitment

Operations have been launched on the East Coast 

According to reports, global recruitment specialists McGregor Boyall have expanded their presence by launching operations on the East Coast, USA. The technology sector in the USA is the biggest in the world accounts for more than 8% of all regional jobs, with more than 12 million people working within the industry and an estimated market value of more than $1.6 trillion. The continued success of the region’s technology sector and McGregor Boyall’s desire to grow meant that North America was the next logical location for global expansion. 

McGregor Boyall’s International Managing Director Richard Lett, will head up operations in North America, commented on the expansion.

Richard commented: “Our expansion into North America has come about due to the increased demand for primarily technology talent from our clients whom we have been fortunate enough to support successfully for many years. We are very excited about expanding our recruitment services even further into the US and bringing the same success to our existing and new client partners based in North America.” 

Richard launched our Middle East operation ten years ago and will now focus on establishing and growing McGregor Boyall’s presence on the East Coast, USA. Richard has over 20 years of recruitment experience and joined McGregor Boyall in 2012. 

McGregor Boyall North America will focus on Technology verticals initially, primarily in the financial services sector. Long-term demand for talent in the Technology and Financial Services sectors will remain high – and it is in response to this that McGregor Boyall supports its clients in these areas.

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Tech recruitment firm wins in two categories 

UK-based tech recruitment firm VHR has just been announced as the winner of the International Trade and Employer of the Year categories at the 2022 Global Business Excellence Awards.

The Global Business Excellence Awards are one of the world’s highest profile awards and have a large panel of independent expert judges who select winners based on strict criteria for each category and sector. They focus on financial results, innovation, customers, employees, investors, and community benefits.

The Awards attract entries worldwide, from large international PLCs and public sector organisations to SMEs.

Danny Brooks, CEO at VHR, said: “The VHR team and I are beyond delighted and deeply honoured to have received a double award win at the Global Business Excellence Awards. I, Paul and VHR are proud to fly the flag for Great Britain in over 52 countries across the world. International Trade is vitally important to VHR accounting for 75% of our business enabling us to create work for over 12,000 people in the UK and overseas and generating more than £190 Million in exports since 2003”

The chairman of the judges of the Global Business Excellence awards said: “Congratulations to UK-based international technical recruitment specialists VHR for responding to the uncertainty around Brexit by targeting new overseas markets outside Europe, enabling it to report that 75% of business is international. The company’s strategy to take on staff with second languages with a number coming from outside the UK was a wise move that has boosted overseas contract placements and helped when setting up onsite offices. VHR has generated significant foreign revenue and helped to position the UK as an expert in technical recruitment.

By supporting staff to develop their careers and through the provision of a marvellous line-up of benefits, VHR has established itself as a great place to work. This is a company that values and rewards staff for their hard work. All staff are fully supported with training and individual development plans to reach their full potential. VHR’s ethical recruitment policy is particularly inspiring for its commitment to equality. VHR’s people policy is the backbone of the company helping it to achieve dazzling success and win a host of prestigious awards.”

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June stats reveal lowest total vacancies this year

According to recent data from the Association of Professional Staffing Companies (APSCo), London’s recruitment activity has dropped notably. The data was provided by business intelligence specialist, Vacancysoft and revealed that June saw the lowest total of vacancies this year.

The data also revealed that after recruitment activity peaked in March, volumes have been gradually subsiding. Following reports of vacancies reaching record-breaking figures, top candidates have many job options to choose from. Some firms have simply been unable to fill their vacancies and are removing them from job boards.

Traditionally, the London economy has been reliant on Financial Services. However, with the current cost of living crisis impacting consumer spending, corporate finance is slowing down, and this industry is now falling behind Technology.

Technology companies are currently out recruiting all other sectors. Still, there are concerns that the bullish tech market may be coming to an end, with Meta reporting its first drop in advertising revenues in 18 years and the crypto market facing new lows. In addition, tech companies are laying off workers at an unprecedented rate. In just the last month, redundancies were announced by Klarna (10%), Freetrade (15%), and Hopin (30%).

The Banking sector, however, has seen the biggest growth in vacancies in 2022 compared to 2021, up 46%. So far, the fastest growing area in 2022 has been in specialist Banking roles across front and middle office, increasing by 42%. With the UK moving into a post-EU future, risk and compliance are becoming the key areas that Banks must recruit for.

Ann Swain, CEO of APSCo, commented: “While talk of the pandemic has certainly simmered, London’s economy has far from recovered. Admittedly, vacancies in the capital have shown promising signs of growth this year, however, the recent decline should be cause for concern in the current market, with talks of a potential recession in the pipeline. The UK’s post-Covid economy has been hit with employment strikes, skills shortages, Government uncertainty and a cost-of-living crisis all of which have already started to negatively impact London’s recruitment and redundancy rates.

Stability is crucial as we continue to navigate such an ambiguous market. As the trade body for the professional recruitment sector, we believe that there is more to be done to make the UK’s employment sector competitive on a global scale and redeem the capital’s status as Europe’s leading economic powerhouse.”

 

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