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Recruitment news Jan 2018 – Permanent recruitment continues to rise at an increasing pace

Key Points from the December Survey: Permanent placements continue to rise at an increasing pace; Pay inflation remains high alongside a further decrease in candidate availability; Demand for staff softens but remains historically strong. Permanent Placements Permanent staff placements have increased at the quickest pace since August. This has resulted in a higher number of people placed in permanent job roles for the seventeenth month running in December.  Key…

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Job Searches: Look at the Entire Package (Not Just the Salary!)

Job Searches: Look at the Entire Package (Not Just the Salary!) The start of a new year often coincides with a spike in job searches. In fact, more than half of the UK population will look for a new job in 2018. It can be tempting to focus solely on the offered salary. However, a wider perspective which takes into account the entire package being offered is advisable. Other…

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Permanent placements rise to greatest extent since August

Key Points from the November Survey: Permanent placements rise at a quicker pace; Availability of candidates continues to decline sharply; High demand for staff leads to further increases in pay; The unemployment rate remains low. Staff Appointments Rise Further… The growth in permanent placements has reached a three-month high across the UK. The rise has been attributed to an increased demand for staff and company expansion plans. The number…

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Concern about Compliance with MiFID II

Concern that over one third of financial services are unsure if they are MiFID II compliant What is MiFID II? MiFID II is an EU Directive which comes into force January 3rd 2018. Its purpose is to offer greater protection for investors and create greater transparency in all asset classes: from equities to fixed income, exchange traded funds and foreign exchange. How will it affect investment decisions? The legislation…

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Brexit: A Ticking Time-Bomb for London’s Financial Industry?

Brexit: A Ticking Time-Bomb for London’s Financial Industry? Fears are escalating as there are concerns that Britain’s vote to leave the EU in 2019 will harm one of its most successful industries… The Impact of Brexit on the Financial Sector The industry is crucial to Britain’s economy, accounting for 12% of Britain’s economic output and paying more tax than any other industry. Roughly one-third of the transactions within this…

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Decline in Availability of Candidates and Increased Starting Salaries!

Key points from the October survey: Continued growth of appointments but at a softer pace Availability falls sharply Starting salaries increase at second-quickest rate since November 2015! Commentary “Its great news that employers are continuing to hire. However, that growth is slowing down and one of the reasons is that we simply do not have enough people for all the roles that are out there at the moment. And the…

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IFAs remain resilient despite rise in robo-advice

Despite the rise in the use of robots as employees in the workplace, IFAs remain adamant that such technology will not replace their human face-to-face investment advice. Although robots and automation are increasingly infiltrating the financial services industry, experts argue that there are certain matters which robot advice cannot be used for; robo-advice generally focuses on investments which relate more to saving money rather than providing advice. For the…

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FCA Announces that IFAs are to Disclose Esoteric Investment Recommendations

  The FCA has recently announced that IFAs are to disclose more risky investment strategies which they have recommended to their clients The FCA’s reforms follows its review of the Financial Services Compensation Scheme (FSCS); from 2013-2016 around a third of FSCS claims were linked to the sale of esoteric investment plans by Advisers. During the consultation The FCA did not address the proposal that Advisers selling higher-risk products were…

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Business Quick Stats..

A Snapshot of Statistics from Recent Months 84% of small businesses have no official ransomware policy. Staff are put at risk of cyber attacks…. 92% of cyber attacks suffered by UK businesses were targeted at connected devices such as networked security cameras…. 5 million working hours are lost every week by small businesses due to everyday IT issues…

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