A good time to be in marketing as demand for talent outstrips supply

The marketing and media sector is suffering from a massive talent shortage according to the latest employment data from The Association of Professional Staffing Companies (APSCo). Permanent placements in the sector have fallen by almost a fifth in the last three months but actual job openings grew by 1% pointing to an on-going scarcity of available candidates. While this is partly being plugged by the professional temporary market which has shown increases in job openings and placements of 4% and 8% respectively, it appears that for the marketing and media sector the war for talent is very much alive and well.   There are also early signs of a possible rebound in permanent roles within the IT and Engineering sectors where vacancies since the beginning of the year have increased by 0.1% and 0.5% although it is too early to say whether this will be sustained.   Vacancies for white collar workers in overall decline   The picture overall for the professional jobs market (bankers, accountants, IT professionals etc) continues to be mixed with permanent jobs continuing to be replaced with contractors. Temporary placements have risen by just over 4% year on year compared with a fall in permanent placements of 5.8% signalling that there is still a lack of confidence among employers. Finance & Accounting vacancies are down around 9% year on year for both temporary and permanent roles although the downward trend does seem to have stabilised since the beginning of the year.   London & The South East faring worse than the regions   Additionally, an analysis of online job postings provided by Innovantage – a company which tracks online recruitment activity across 200 job boards and

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thousands of employer websites shows a year on year drop of 11% in permanent professional job vacancies across London and the South East, worse than any other region.   Read more on the APSCO website – http://www.apsco.org/article/a-good-time-to-be-in-marketing-as-demand-for-talent-outstrips-su-903.aspx