A leading job search engine Jobrapido has noted stabilising employment levels despite ongoing Brexit fears.
Real-time market data from Jobrapido’s subsidiary Innovantage shows that while contracts and permanent roles are down, 3.5 percent compared to July 2015, there has been an increase in temporary roles by 14 percent within the same time period.
The recruitment intelligence platform showed a spike in job postings after the Brexit vote. Innovantage registered 1.8m job postings in the week before Brexit. In the week after, there was a further 50,000 job postings – a 2.74 percent increase between Brexit weeks.
Jobrapido’s findings conflict with reports in the UK media of a 700,000 drop in job vacancies in the week following the EU referendum.
Commenting on the findings, Richard Turner, CEO at Innovantage said: “Whilst there is post-Brexit nervousness, and some slowdown in employment, real-time data evidence points to a robust job market. We need to be careful of the conclusions we draw regarding reported unemployment volumes because the situation is changing so rapidly.”
Jobrapido’s counter-intuitive increase in job postings is indicative of the role of big data in showing the bigger picture, in this case, overriding short-term nervousness in the job market.
“In a changing job market it’s important to make intelligent and extended job searches and real-time data supplies the detail needed to better connect employers and with candidates,” said the head of Product and Analytics, Jean Pierre Rabbath, at Jobrapido.
“Job hunters must use the right search engine to get the best job, immediately,” concludes Richard Turner. “HRs must also utilize it within this fragmented talent landscape, in which different generations are often engaged in the same job search, using very different tools, from text messages to telephones. It’s important to know where to reach your talent audience, and when to reach them, using real-time market data which may be ahead of the news of the hour.”