CONTENTS
Overview Skills in Demand (UK) Skills in Demand (EU) Top Companies About Cpl Life Sciences | Vacancysoft
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Overview With Europe facing a series of summer elections, it is probably the UK that is the one to watch. The Labour Party has expressly stated their intention to look to improve trade relations with the EU assuming they win power, and whilst they have not outlined exactly what that means, the impact of Brexit has been a dampener on the sector overall in the UK, so any change to this would be welcome. Similarly, the hope would be that as the MHRA becomes better resourced, this also manifests into greater activity. Corporate Services sit at the heart of all this, as the functions determine the management of the business, be it finance, HR, sales & marketing, or legal. In the UK, these functions contracted in terms of vacancies in 2023, with a drop of 32.2%. However, 2024 has seen a turnaround, with vacancies increasing by 9.5% so far. The year started positively for both the UK and the EU, with vacancies rising by 31.1% in the UK and 17.9% in the EU from Q4 2023 to Q1 2024. In the EU, the situation is slightly different. The EU has a higher number of vacancies compared to the UK, with 24,396 vacancies in the EU versus 4,471 in the UK. This translates to market shares of 84.5% for the EU and 15.5% for the UK. Furthermore, the EU has witnessed the highest increase in 2024, with a rise of 14.6%. The monthly average increase in vacancies in the EU stands at 14.6%, while in the UK, it is 9.5%. With that, the hope would be that the lull in activity seen in 2023 constitutes the low point over the period. Especially now, looking ahead, with venture capital and private equity activity increasing, the expectation is for the industry to continue to expand in size and employment.
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Annual Totals
Professional Vacancies, Life Sciences, UK vs EU, 2019-24 *Est
8,000
30,000
6,000
20,000
4,000
10,000
2,000
2019
2020
2021
2022
2023
2024*
UK
EU
Fig. 01 Source: Vacancysoft Analytics
Professional Vacancies, Life Sciences, UK vs EU, 2022-24 *Est Quarterly Totals
10,000
7,500
5,000
2,500
EU
UK
2024*- Estimation
Source: Vacancysoft Analytics
Fig. 02
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