Hiring trends in Germany in 2018
The German recruitment market has traditionally been candidate short, especially where senior professionals are concerned. However these shortages increased in 2017 as the economy improved, which led more companies to try to hire new talent.
In financial services, front office professionals were highly sought after in Frankfurt, particularly junior and mid-level M&A and corporate finance specialists. The candidate short market forced employers to source additional staff, as professionals were less willing to work long hours.
Mid-office professionals, such as specialists in finance, audit, legal regulatory, compliance and risk, were also in high demand, driven by the positive economic environment and the potential for certain functions of banks and financial services firms to relocate to Germany following Brexit.
SME businesses were also active in hiring, taking advantage of opportunities in e-commerce and digitalisation to expand and remain competitive in a globalised economy. Professionals with a background in tech, web development and related fields were highly sought after, particularly sales and marketing specialists with experience in growing market share.
Within the legal sector, demand for associate level professionals outstripped supply, regardless of the area of specialisation, as candidates at this level