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After the market readjustment in 2023 following the “War for Talent”, 2024 started well with an uplift in market activity across Q1. However, throughout Q2, we saw businesses take a more conservative approach to recruitment, which was further exacerbated by the election announcement in mid-May. Whilst the summer months can generally see recruitment slow, post-election, we would expect business confidence to be restored and a return to investment in talent.
Danny Camm
Director, JSS Finance - London
H1 has been an interesting but challenging period for qualified finance appointments across the Home Counties. At the mid-tier level (newly qualified to 'head of'), the finance market has remained buoyant despite economic and macro factors.
However, the executive/sub-executive level has been marginally slower, with businesses adopting a risk-averse mentality and largely opting for shorter-term, cost-effective options and internal personnel changes. This is primarily due to political uncertainty, economic issues, and the cost-of-living crisis, causing many companies to fall short of their financial targets.
In H2, we're seeing positive signs with confidence returning as inflation eases and the election approaches, although we won't know the full impact of this until Q4 and into 2025.
James Taylor
Director, JSS Finance - NHC