What gives us our #expertopinion in Engineered Products Recruitment? Well, we’ve been operating in that sector for many years, and our resident Steve McKiernan has his eye on what’s changing, and what’s not.
Here’s how we see things at the moment:
There’s a real variation of demand across the sector. Some areas are in decline (Aerospace), others are flat (Automotive/OEMs) but with some signs of improvement, and other sectors are in growth (Building Materials such as Steel, Fabrication and products used in construction).
There’s still a skills gap. People with strong technical and engineering skills are badly needed (Engineering is identified by the IET as a desired skill and 1 in 2 businesses are concerned that the skills gap will affect business growthhttps://www.theiet.org/media/press-releases/press-releases-2019/18-november-2019-1-in-2-uk-engineering-and-technology-firms-are-concerned-that-a-shortage-of-engineers-in-the-uk-is-a-threat-to-their-business/)
Our clients recognise this. Even though there are more candidates available does not mean they are more appropriate.
IR35 will affect Engineered Products as April 2021 approaches. Whilst there are more available contractors, some have taken FTC roles within businesses. We predict that within Engineered Products, along with other manufacturing businesses, the risk of high levels of attrition is great once the market picks up after April and more lucrative day rates are available.
We've plenty more to talk about, just get in touch and see how we can help you.