Indeed, a job site which lists jobs from companies in over 50 countries, have recently conducted research into the location of job searches and postings across the world. From this, they have built up a wealth of knowledge as to where jobs are searched for and posted, leading to a number of interesting results emerging in regards to both the UK and European jobs markets.
The report tracked the number of external candidates searching for jobs within countries, as well as their preferred location and the amount of people searching overseas for work. 9.4% of searches for jobs within the UK come from external candidates, whereas Europe (which in this article amalgamates France, Germany, Italy, Switzerland, Luxembourg, Spain, Netherlands, Belgium and Ireland) sees an average of 17.2% of searches originating from outside of their respective countries. This slight disparity could be seen to be due to data from Luxembourg and Switzerland, which due to their economies receive higher than average numbers of foreign applicants. The EU can be seen to be in a strong position overall, with a high amount of external searches.
The UK is third highest country in terms of desirability for work, with Italy, Germany and France also making the top ten. Only the UK and India come close to being as desirable as the US as a place to work, according to Indeed’s data, with no other countries receiving over 25% of the total number of external searches done within the US. It can be argued from this point that the UK economy is seen to be in good health, with many overseas candidates seeking to work here as opposed to elsewhere in the EU. The data shows that the UK has more candidates applying internally, as despite the high number of external applicants increasing the desirability percentage; this percentage number is drastically reduced when looking at the candidate searches, implying a larger amount of UK candidates searching for work within the UK.
This hypothesis is confirmed when we look at the number of candidates within a country who are looking elsewhere. In the UK, this number stands at 9%, and so indicates a balancing out of the external candidates searching for British jobs, and the British candidates searching externally. Interestingly, the amount of searches from European countries to other countries is on average 18% of the total.
This further confirms that the UK has a strong job market. In Europe, more people are seeking to leave their country (implied by external searches) than there are people willing to come and replace them, whereas the UK seems static at worst, thereby confirming that the UK is not losing any of its workforce to overseas competitors. The data also tells us that France, Ireland and Spain are the three European countries from which the UK receives most external searches. Arguably this is a hangover from the recent recession, with candidates whose countries have been affected significantly by the recent economic troubles seeking to work in a more stable area.