The UK’s banking and payments industry registered an 8.4% drop in IT hiring activity in December 2021 when compared with the previous month, according to GlobalData’s Job Analytics database. The industry’s overall hiring is decreased by 6.89% in December 2021 when compared with November 2021. Out of the banking and payments industry’s total hiring activity, IT jobs claimed an 18.49% share in December 2021, recording a decrease of 0.45% over the last three-month average share.
Top five job classifications in the UK’s banking and payments industry’s IT recruitment activity in December 2021
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Out of the total job titles, the top five roles commanded a 100.17% share in the overall IT recruitment activity of the UK’s banking and payments industry in December 2021. 1) Software and Web Developers, Programmers, and Testers recorded a share of 62.23% in December 2021, registering a 24.15% decline over the previous month. 2) Miscellaneous Computer Occupations claimed a 16.19% share, a decrease of 38.06% over the previous month. 3) Database and Network Administrators and Architects held a share of 10.88%, registering a 22.75% decline from November 2021. 4) Computer Support Specialists captured a share of 6.75%, up 12.68% over the previous month.
Top five banking and payments companies in the UK’s IT recruitment activity in December 2021
The top five companies, in terms of number of jobs as tracked by GlobalData, have accounted for a combined average decline of 25.52% share in the overall IT recruitment activity of the UK’s banking and payments industry during December 2021 over November 2021. Barclays posted 177 IT jobs in December 2021 and registered a flat growth over the previous month, followed by JPMorgan Chase with 176 jobs and a 2.76% drop. Brewin Dolphin with 67 IT jobs and Citigroup with 44 jobs, recorded a 67.5% growth and a 75.96% decrease, respectively, while Nationwide Building Society recorded a decline of 57.73% with 41 job postings during December 2021.
Junior Level job postings dominate in December 2021
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By GlobalDataJunior Level jobs held a share of 68.47%, down by 26.52% from November 2021. Mid Level positions with an 18.38% share, registered a decline of 31.45% compared with the previous month. In the third place was Entry Level job ads with 8.77% share, up 5.05% over November 2021, while Senior postings accounted for 4.38%, recording a month-on-month decline of 35.8%.
