A recent report by the Institute for Employment Studies reveals high-paid job opportunities are growing. The study suggested low-paid workers are twice as likely to lose their job during the pandemic than high-paid workers. The study also estimates 1 in 20 low-paid workers have stopped working during the pandemic. This is in stark contrast to just 1 in 50 for those on higher wages. Low pay jobs were classed as those paying less than £9.50p/h or £10.85p/h in London.
The institute estimates 4 million low-paid workers have been away from work, furloughed or had their hours cut. This is approximately two-thirds of the UK’s entire low-wage population. Low-paid sectors such as hospitality, retail and food services have been badly hit by the lockdown. However, high-paying job opportunities are increasing in the public, technology and finance sectors in cities like London. The report ends with a bleak picture for post-covid-19 Britain. It predicts unemployment will double to pre-pandemic levels, with around 2.6 million people out of work.
Public sector high-paid job opportunities
Continued uncertainty is affecting the UK job market. Some sectors have seen job openings dry up completely. However, others are seeing a rise in demand for skilled workers. One such industry is the public sector. Working in the public sector can cover a wide range of roles and provide excellent long-term job security. Such security is something a growing number of job seekers are now looking for. Therefore, there is often strong competition for roles in the public sector. One way to gain an advantage when job seeking is to use Zoek Alerts. This automatically sends you job notifications as soon as they become available. Therefore, helping you be among the first to be seen by hirers.
Zoek currently has hundreds of public sector jobs in London. Healthcare roles in the public sector, such as therapist and nursing, continue to dominate the sector. However, many different public sector jobs are also growing in demand. Public sector jobs in London available on Zoek include finance, engineering, electrician and project management positions. Public sector vacancies have traditionally been seen as low-paid positions. However, salaries have grown a lot and are now often higher than the national average. Strong salaries, combined with good pensions and long-term job security, is leading more people to the public sector.
Increase in UK tech jobs
The tech sector has also seen an increase in available jobs in the UK. Tech-related roles are appearing across many different sectors and locations despite the continued uncertainty. Tech jobs once focused on roles such as software engineer or graphic designer. However, the selection of jobs available in the tech sector has grown significantly. Therefore, tech jobs in London and other locations now cover many different roles. Available tech jobs in the city of London include engineers, analysts and specialist recruitment consultants. The UK tech sector remains strong, with salaries often high once you gain skills and experience.
Available finance sector jobs
The capital is a global financial hub. Therefore, many of the world’s biggest financial companies have headquarters in or around the capital. Such strength has seen finance jobs in London continue to be posted during the pandemic. There are regularly thousands of banking vacancies in London posted on Zoek. These jobs are available with domestic and international companies, and across every level. The finance sector is often seen as a leader in employment and staff retention. Reflecting this, a growing number of flexitime and remote working finance jobs are being offered. Part-time opportunities have also become more common, giving employees even more freedom.
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