{"id":8633,"date":"2018-07-23T09:48:59","date_gmt":"2018-07-23T08:48:59","guid":{"rendered":"https:\/\/engineernewsnetwork.com\/blog\/?p=8633"},"modified":"2018-07-23T09:48:59","modified_gmt":"2018-07-23T08:48:59","slug":"business-confidence","status":"publish","type":"post","link":"https:\/\/www.engineernewsnetwork.com\/blog\/business-confidence\/","title":{"rendered":"Business confidence continues to blossom in the engineering sector"},"content":{"rendered":"<p>Despite June marking another year since the Brexit vote, businesses across the engineering sector have remained confident in their hiring efforts over the past 12 months, with job vacancies rising by 7.5% in Q2 2018.<\/p>\n<p>That\u2019s according to the latest job market data from\u00a0<span class=\"highlight highlight-blue\"><a href=\"https:\/\/www.cv-library.co.uk\/?utm_source=press%20release&amp;utm_medium=referral&amp;utm_campaign=press-release&amp;utm_content=q2-job-market-data\" target=\"_blank\" rel=\"noopener\">CV-Library<\/a><\/span>, the UK job site.<\/p>\n<p>The report, which compared data from Q2 2018 with that of the same period in 2017, found that businesses in the automotive sector have remained resilient in the past year, despite ongoing economic uncertainty.<br \/>\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script><br \/>\n<ins class=\"adsbygoogle\" style=\"display: block; text-align: center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-7565662001938327\" data-ad-slot=\"7585079586\"><\/ins><br \/>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><br \/>\nLee Biggins, founder and managing director of <span class=\"highlight highlight-blue\"><a href=\"https:\/\/engineernewsnetwork.com\/blog\/engineering-salaries\/\" target=\"_blank\" rel=\"noopener\">CV-Library<\/a><\/span>, comments: \u201cAnother year has passed and there\u2019s still a great deal of uncertainty surrounding Brexit and what this will mean for many businesses across the engineering sector. Especially as the industry was predicted to be one of the hardest hit by the decision to leave the EU.<\/p>\n<p>\u201cWhat\u2019s more the resignation of both the Foreign Secretary and Secretary of State, will inevitably delay Brexit negotiations. Yet despite this, employers across the industry appear to be showing resilience, as they\u2019ve continued to drive their recruitment efforts in the last 12 months.\u201d<\/p>\n<p>Furthermore, a number of key industries also witnessed above-average hikes in pay, with the engineering sector coming first on the list for the top industries for salary growth in Q2, as advertised salaries rose by an impressive 2.3% year-on-year.<\/p>\n<p>Biggins continues:\u201cAccording to the Recruitment and Employment Confederation (REC), the last quarter saw starting salaries rising at the fastest pace in three years and this rise in pay is reflected in our own data. It\u2019s clear that businesses across the engineering sector are pulling out all the stops, offering competitive salaries in a bid to attract talented new recruits to their vacancies.\u201d<\/p>\n<p>However, candidates were feeling less confident last quarter, with application rates decreasing across the industry. These findings suggest that engineering professionals are feeling uncertain about looking for a new position.<\/p>\n<p>Biggins concludes:\u201cIt\u2019s not surprising that candidates in the engineering sector are feeling cautious, with ongoing economic uncertainty causing many to seek stability in their existing role.<\/p>\n<p>\u201cBusinesses in the industry are taking positive steps to encourage candidates to begin moving in the job market, and as we continue moving towards our exit from the EU, we hope to see candidates confidence pick back up.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite June marking another year since the Brexit vote, businesses across the engineering sector have remained confident in their hiring efforts over the past 12 months, with job vacancies rising by 7.5% in Q2 2018. That\u2019s according to the latest job market data from\u00a0CV-Library, the UK job site. The report, which compared data from Q2 &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[199],"tags":[198,4820,167,523],"class_list":["post-8633","post","type-post","status-publish","format-standard","","category-news-views-and-opinion","tag-brexit","tag-businesses","tag-cv-library","tag-engineering"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business confidence continues to blossom in the engineering sector - Engineer News Network<\/title>\n<meta name=\"description\" content=\"Despite June marking another year since the Brexit vote, businesses across the engineering sector have remained confident in their hiring efforts over the past 12 months, with job vacancies rising by 7.5% in Q2 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.engineernewsnetwork.com\/blog\/business-confidence\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business confidence continues to blossom in the engineering sector - 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