Morgan McKinley: state of IT recruitment for 2016.

Position:Research and Studies

The IT jobs market in London got off to a slow start at the beginning of 2016 but job volumes are traditionally lower in January and February so it wasn't an unexpected start to the year according to Morgan McKinley, global professional services recruiter.

However, the slow period did continue further into the year: across quarter one (Q1) and into the start of quarter two (Q2) in most sectors. Towards the middle to back end of Q2, there was a marked upturn in the number of jobs being with June being the highest month so far in 2016 for job volume.

Job volume continued to peak after the Brexit vote so it appears to have had no immediate effects on client hiring in the technology space amongst clients. The general consensus is that it is too early to see or even predict at this stage what the mid and long term impacts will be on the IT market place in London and the UK, following the decision by the UK electorate to leave the EU.

Financial Services: This sector was the quietest sector in quarter one and for the start of Q2 but has contributed greatly to the peak levels of roles released in June. The Retail Banking sector has been busy during this period, and skills in demand across all of the Financial Services domain have been in cyber security and solution architecture. There's been a high volume of project management and business analyst roles spanning different project types and technologies, and a number of these have been in the digital space.

Commerce & Industry: The Commerce & Industry sector has remained steady throughout the year in terms of job volumes with no peaks and troughs in the number of roles coming through apart from the usual seasonal fluctuations, for example lower numbers in January and over the Easter...

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