Room for optimism or a house of cards

Posted on

Room for optimism or a house of cards

It was reported in the news last week that there are nearly 1 million job vacancies in the UK. This led me to think what sort of jobs are they, what sectors of the economy are these jobs in? Why are there so many vacancies?

My first thought regarding why, is maybe it is due to Brexit? An estimated 1M people from Europe have returned home, that makes sense. Our European cousins held many roles across every industry.

To look further into it, there are many jobs available in Insolvency, Accounting, Medical, Healthcare and Car Sales amongst others.

Insolvency, I totally understand. Many businesses have struggled through the pandemic. High Street Retail has really struggled. Forced to close through the lockdowns, high rents, staff costs etc. Any business that relied on walked in trade. The travel industry has been decimated as has the hospitality industry.

Accountancy with the move to digital accounts (Xero, Quickbooks, Sage etc) has made the industry evolve. Those companies on the ball and embracing the new technology have been and are still recruiting in specialist fields.

Medical. The demand across the medical industry is huge. Doctors and Nurses are always in high demand, that is without talking about lab technicians, Mental health professionals, and support staff.

Car sales is an odd one. At the start of the pandemic, car sales fell through the floor. Prices were falling etc, then it started to flatten out. Now, as people have money in their pockets, having not spent on their usual expenditure (holidays, meals out etc) they are buying new cars, replacing their old ones. The demand is high so car prices are going up, as are second hand cars etc. A friend of mine was talking to the owner of a Range Rover dealership, he said he can’t get enough cars to sell as they are selling that fast. He is crying out for staff to keep up with the enquiries they are taking.

The above is just an example of some industries currently thriving.

On the flip side there are an estimated 1.6m people still on furlough. Furlough is due to end at the end of September. These people are across so many industries, travel, the arts, the entertainment industry and retail to name but a few. Whilst some of the industries are starting to open up, how many jobs will be lost at the end of September?

My travel business (Admiral Travel) is slowly starting to trade our way out of the current predicament, though there is a long road ahead. We have no plans for any staff recruitment in the short term, though will need to recruit to replace the staff that have left as business returns. My recruitment company (Imperium Financial Recruitment) cannot find enough good candidates for the roles we have been asked to fill across the Insolvency, Accounting and financial services areas we cover.

There is an option to move industries, we have taken people from the travel industry and found them customer service positions within the insolvency and financial services. As vacancies rise, employers may be more open to transferable skills from a different industry.


I am no economist, nor political reporter, but I am pleased the economy is growing and improving, I can’t help feeling that is optimism needs to be tempered.

Latest News

Keep up to date with all of our latest news below.

Building a Strong Company Culture: Why it Matters in Finance

In today’s competitive job market, the significance of a robust company culture cannot be overstated, especially in the finance sector. Imperium Financial Recruitment, a leader in connecting top-tier finance professionals with premier firms, underscores the critical role that company culture plays in successful recruitment and retention. The Essence of Company Culture Company culture encompasses the

Trends in Insolvency Hiring: What Job Seekers need to know

The landscape of insolvency hiring is evolving, reflecting broader economic shifts and industry-specific changes. Imperium Financial Recruitment, a leader in the finance sector, provides valuable insights into current trends and what job seekers need to be aware of to navigate this dynamic field successfully. Growing Demand for Insolvency Professionals As global economies face uncertainties and

Unlocking Success: Interviewing 101 for Finance Talent Acquisition

Interviews are the pivotal moments in the hiring process where candidates have the opportunity to showcase their skills and personality, while employers gauge their suitability for the role and organization. In the finance industry, where precision and expertise are paramount, conducting effective interviews is essential for identifying top talent. In this blog post, we’ll delve

View All News