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It's the worst job market I've seen in the UK since 2008. A huge number of companies made significant redundancies and the market is saturated with extremely ta
by Peroni 3y ago
It's the worst job market I've seen in the UK since 2008. A huge number of companies made significant redundancies and the market is saturated with extremely talented people so there's not only more competition for decent opportunities, the bar is also much higher.
As for hybrid working, that will be the norm for at least the next few years so if you want a realistic shot at landing a decent job, you'll need to compromise on your expectations here quite heavily.
There are some signs that the market is improving but expect it to take a minimum of 12-18 months before it returns to any semblance of normality.
- deleted 3y ago[deleted]
- usgroup 3y agoI think substantive improvements in the market will coincide with decreases in the base interest rate since the UK is a highly leveraged economy and investment/borrowing is where much of the development budgets originate, especially in the London start-up/scale-up and mid-market companies. Meanwhile, inflation is smashing profit by increasing the cost of the factors of production. So reinvestment of profit lead development has also significantly decreased. This will be alleviated with a decrease of the inflation rate toward target, which will most likely occur sooner than the interest rates fall, since the former presently drives the latter.