According to the latest quarterly job market report from CV-Library, job applications in the construction sector grew by 44.5% in Q3 2020 and by 21.2% year-on-year.
The report looks at job market data throughout Q3 2020 and compares this with findings from the previous year. It reveals that the construction sector, alongside the following industries, saw the highest growth in applications quarter-on-quarter:
- Administration (up 90.2%)
- Recruitment (up 85.5%)
- Marketing (up 78.6%)
- Sales (up 77.7%)
- Telecoms (up 74.6%)
- Legal (up 61.5%)
- Finance (up 58.6%)
- Education (up 51.5%)
- Electronics (up 46.9%)
- Construction (up 44.5%)
Of course, there are numerous factors to consider regarding the growth in applications, the main one being the coronavirus. With redundancies in all sectors, construction being no exception, there are many more people in the job market than in previous years. The situation is unfortunate and no one wants to see people out of work, but at the same time there is a great opportunity for construction firms to secure some of the best talent.
The data also reveals that the number of job postings has increased by 213.4% between Q2 and Q3 2020. However, the number of roles advertised between July and September is still 19.2% lower than at the start of the year.
What’s more, as vacancies continued to rise during Q3, the number of applications per vacancy dropped by 53.9%. However, this is still 85.5% higher than during the same period last year.
FASET has closely monitored the health of the construction industry since the start of COVID-19. It has recovered quickly and well compared to many sectors but there is still a lot of ground to make up.
The uncertainty surrounding future government restrictions, as well as those put in place last week will force businesses to put a freeze on their hiring plans. Sadly, this will coincide with the end of the original Job Retention Scheme, which may spell bad news for professionals.
FASET (Fall Arrest Safety Equipment Training) is the established trade association and training body for the safety netting and temporary safety systems industry. The aim of the organisation is to eliminate fatalities within this industry sector through dedicated training, and the sharing of expert quality guidance.
Image creator: Advantus Media Inc. and QuoteInspector.com
