Despite the uncertainty around Brexit, companies are still recruiting. It’s very much a candidates market at the moment and demand for workers is driving a sharp increase in starting salaries. It’s been getting harder and harder for firms to find good staff and with UK immigration policy likely to tighten, this trend isn’t going to get any easier. Concerns about a no deal Brexit are putting a handbrake on…
Key Points from the February Survey: Softer rise in permanent placements High levels of candidate shortages amid high starting salaries Softer rise in staff vacancies Softer rise in permanent placements… The number of people placed in permanent jobs increased in February although at a slower rate than January’s recent high. The continued increase has been attributed to a strong demand for staff and a greater willingness among candidates to…
Key Points Strong rise in recruitment Starting salary inflation hits 31-month record alongside lack of candidate availability; Growth of demand for candidates declines slightly but still remains high. Sharp Increase in Permanent Placements Permanent placements have continued to rise each month for the past year-and-a-half. This growth has been linked to a greater demand for staff, although some panellists suggest that improved decision-making has also been a factor. Increase…
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…
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…
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…
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…
Robo-advisors are changing wealth management It’s here. The rise of the machine. Or perhaps a more appropriate phase would be the tsunami of robots, as technology sweeps across industries, disrupting the norm and throwing civilians jobs into question. First it was the industrial industry, now the tidal wave has reached the financial industry – with wealth management at the forefront of FinTech investment. Automated financial advisors, also known as…
The new rules on encouraging staff to ‘blow the whistle’ in financial services firms are a significant development for whistleblowing in general. Firms must promote whistleblowing internally, and nominate a ‘whistleblowing champion’ by 7 March 2016 who will oversee the implementation of whistleblowing policies and procedures which must be in place by 7 September 2016. The changes stem from proposals last October by the Financial Conduct Authority (FCA) and…
Key points from January survey: Weaker rise in permanent staff placements than 2015 trend Second-slowest increase in temp billings in current 33-month upturn Labour supply in South continues to drop sharply Staff Appointment: Growth of permanent placements moderates in January Recruitment agencies in the South of England reported a slower rise in full-time appointments at the start of 2016. The rate of growth remained strong overall, but was weaker…
