Parasol’s recruitment news roundup 18/01/16

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January’s already halfway through and it seems like the UK recruitment industry is well and truly motoring following the traditional Christmas and New Year slowdown.

Turkey and tinsel seem like a lifetime ago and workers are nicely settled back into the daily routine – or are they? Here’s a brief rundown of some important stories:

Millennials on the move

Research from Deloitte has found that 71% of UK millennials are planning to up sticks and leave their job within the next five years – a full 10% higher than the average in developed economies. Almost two-thirds (63%) of those questioned felt that their leadership skills weren’t being nurtured, while 71% warned they’d be heading for the exit door in the next two years because of this.

Progression was another important factor for young workers, with around half (50% of men and 48% of women) of those questioned feeling that they’d been overlooked for potential leadership positions.

Now call us biased, but we think that those want-away workers would make perfect contractors. After all, what better way to develop your skills and take more control of your career than to take up freelancing?

As a contractor, you’ll be able to progress further than a permanent employee as you’ll get to work on numerous projects and perhaps even become an expert in your field. This is just one of the many perks on offer, so check out our guide for more.

UK tech sector triumphs

A double dose of good news for the technology sector, as two separate studies reveal that IT professionals are set for a bumper start to 2016.

First up, a study by Forrester Research found that the UK is expected to increase its IT spending by 8% over the next 12 months. This is compared to just 3.1% in Germany and 1.5% in France.

Meanwhile, the Recruitment and Employment Confederation (REC) revealed that demand for temporary IT specialists is now the highest for eight months. Java was named the most in-demand skill for contract workers, while KPMG commented that recent security breaches saw a surge in hiring activity.

This is clearly great news for the UK IT industry, and might provide some food for thought to those millennials thinking about a career change. If you’re technologically minded, we think this is the perfect opportunity to consider a career in contracting.

Winds of change for oil & gas contractors?

Contractors looking to escape a downturn in the UK’s oil & gas industry could be in line for a wealth of opportunities if they switch to the offshore wind sector. That’s according to recruiters Phaidon International and Worldwide Recruitment Solutions, who say that skills such as cabling and foundation work are in high demand.

The claim comes as BP announced it would cut 600 staff and agency contractor positions from its North Sea operations. Blaming “toughening market conditions”, the oil & gas company is set to axe a total of 4,000 jobs worldwide.

While we’re sad to see the apparent decline in a key industry for the UK’s contractor workforce, it’s some comfort that there appears to be plenty of opportunities elsewhere.

South east engineers a path to success

If you’re after a new engineering role, you can do no better than the South East of England. Data from Maple Resourcing found that over 80% of advertised vacancies were in this region. This is streets ahead of the Midlands in second place, with just 14% of opportunities.

The roles include civil, mechanical, site, structural and electrical engineering – meaning everyone’s a winner. Perhaps unsurprisingly, London had the lion’s share of vacancies.

Maple also claimed that the number of job applications is on the rise too, something we’re definitely pleased to see. Engineering has always been an important sector for the UK economy, so it’s great that it looks to be on the up.