HR News Update – Construction and tech UK job hotspots

Construction and tech UK job hotspots

The construction industry is expected to create the most new jobs for senior business executives this year according to research by Interim Partners, the number one provider of interim managers to the public and private sectors. 

The poll found that the top three sectors expected to create the most demand for interim managers would be: Construction (34 percent of respondents); Technology, Media and Telecommunications (23 percent); Manufacturing and Engineering (16 percent) Interim Partners highlights that the construction sector is currently seeing a surge in activity in both the residential and commercial property markets, with Government schemes such as Help to Buy boosting demand for new homes. This is a radical shift compared to just a few years ago. In 2010, only 4 percent of respondents said that the construction sector would create the most new jobs, reflecting the extent to which the sector contracted during the credit crunch. Adam Kyriacou, Partner at Interim Partners, says: “The construction sector is benefiting hugely from the improving economy, with more senior assignments as major projects get underway.  The house building sector has seen particularly rapid growth, largely due to rising house prices and the Government Help to Buy scheme, which supports first time buyers of new build homes. This is feeding through into high demand for interims to oversee projects and enable house builders and other construction companies to respond rapidly to  changes in the market.”

Interim Partners says that the Technology & Media sector saw the biggest surge in expectations that it would create jobs, with the proportion of respondents saying it would be the biggest sector for new executive roles in the year ahead more than trebling from 7 percent in 2012 to 23 percent in 2013. Adam Kyriacou explains: “The successful floatation of tech giants such as Facebook and Twitter as well as smaller British companies such as Just-Eat has provided a big boost to job growth expectations in the Technology & Media sector. It’s not just the established tech giants either – many interims are now being hired to steer start-ups through their vital growth phase, often with the specific brief of preparing them for an IPO.”

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