Vacancies...
Over the past three months, the rail engineering and construction sector has experienced a surge in the demand for skilled talent. It's important to recognise that many companies may not have publicly advertised all of their vacancies, indicating actual demand surpasses what's observed.
AECOM
WSP
Network Rail
Mott McDonald
This trend only goes to highlight the industry's robust growth and the ongoing need for top-tier professionals to meet evolving project requirements and innovation.
UK Rail sector vacancies
November 2022, January, July, October 2023, February 2024 by percentage difference October 2023 - February 2024
UK Rail sector vacancies
October 2023 and February 2024
Amidst this surge in demand for rail engineering and construction talent, it's worth noting that 80% of selected clients have reported a decrease in their recruitment needs. This trend can be attributed to the transitional phase between CP6/7, which has been characterised by project delays and uncertainties. As the industry navigates through this transition, companies are experiencing a temporary slowdown in recruitment requirements due to the intricate planning and adjustments necessary for the upcoming projects under CP7. These delays and uncertainties create a natural ebb in demand as organisations recalibrate their strategies and await clearer directives and timelines.
Selected clients have reported a decrease in their recruitment needs
Despite this temporary downturn, the overarching upward trajectory in talent demand highlights the resilience and long-term growth prospects of the rail engineering and construction sector.
Amco-Giffen and J Murphy's are actively recruiting, and this uptick could be attributed to various factors, including project expansion, recent contract wins, market demand fluctuations, seasonal influences, or challenges related to talent retention within the industry. Additionally, the availability of CP7 funding as packages of work are now being announced has intensified competition for the market's best talent. Those who respond swiftly will secure the most skilled individuals.
Industry Players on the Rise
Keeping a keen eye on the industry's upward trajectory, we've closely observed ten key rail clients in anticipation of CP7. This isn't just idle curiosity; each of these clients has consistently outperformed the market. Their impressive track record, marked by innovation, strategic growth, and market influence, offers invaluable insights for the entire sector.
Of particular interest is Story, traditionally focused on the northern region but now expanding into new territories. Similarly, VVB's recent success in securing major contracts over the past six months is poised to reshape the landscape and scale of their business dramatically.
VVB Engineering 13
Ocatavius 9
Vinci Construction UK 5
Telent 18
Story Rail 13
Volker Rail 16
Volker Fitzpatrick 49
Morgan Sindall 67
Kier Group 10