Engineering job applications up more than a fifth in UK, claims site
6 Oct 2020
Applications to engineering posts on jobs platform CV-Library were up by 22.2% across the UK last month, with the ratio of applications to jobs nearly doubling year-on-year.
However, when looking at the amount of job opportunities on offer, data shows that engineering vacancies plunged 37.4% year-on-year,with average pay also dropping 1% month-on-month.
CV-Library says the impending end of the furlough scheme by the end of this month appears to have prompted increased interest by job hunters keen to avoid an end of October surge in competition for work. The applications to jobs ratio leapt 95.3% year-on-year.
The firm compared data from September 2020 with the same month in 2019 and 2020. It showed job applications also spiked by a small 0.5% month-on-month, as professionals prepare for the furlough scheme to end.
CV-Library founder and CEO Lee Biggins remarked:
“While we saw a dip in applications back in August, they picked up significantly in September, which tends to happen as people adopt the ‘back to school’ mindset.
“That said, we do know that the furlough scheme is due to end in a matter of weeks now and while the government is offering further support through its Job Support Scheme, professionals are clearly nervous about their prospects and competition for jobs is ramping up.”
However the results are complicated by the fact that data shows that engineering vacancies were down more than one third – by 37.4% year-on-year. Yet, while job numbers are much lower than a year ago, they are increasing each month.
Vacancies rose by 23.9% in the engineering industry month-on-month, while average pay for engineering roles was down by 1% month-on-month, but up by 3.7% year-on-year.