LSBF Blog | Global Matters – LSBF

LSBF Blog - Global Matters

Digital literacy a “key requisite” in the workplace, shows YouGov research

February 16 ,2016 | by Hari Sri

Digital literacy is a “key requisite” in the workplace, according to new research from YouGov. The survey, which was commissioned by Capgemini UK, showed that young people in the UK are lacking the knowledge and experience required to be digitally savvy in the workplace.

Over 1,000 employers were surveyed, with over 80% agreeing that digital literacy is needed in the workplace, and 18% stating that young employees, whilst digitally savvy, are lacking the necessary digital skills required for working in a business environment. 

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Overwhelming response to Scotland female entrepreneur competition

February 16 ,2016 | by Erin O’Neill

A competition for budding female entrepreneurs in Scotland has received an “overwhelming response”, with 16 companies making it through to the finals.

Over 100 start-ups and established businesses entered the competition, which was set up by AccelerateHER, a company that focuses on women’s business development.

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Financial services amongst the best-paid marketing jobs, shows research

February 15 ,2016 | by Hari Sri

The financial services sector is one of the best-paying sectors for junior marketing professionals, according to research from salary comparison website Emolument.

Research showed that junior marketing professionals working for banks and financial services companies earn an average salary of £37,000 with a £2,000 bonus.

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Small UK businesses hoping to expand in 2016, says expert

February 14 ,2016 | by Thiago Kiwi

Small UK businesses are hoping to expand in 2016, according to Simply Business writer Jade Wimbledon. Wimbledon provided several predictions for UK businesses in 2016, listing growth as one of the top trends.

Recent research from Close Brothers Asset Finance showed that around 1.35 million SMEs are planning to expand over the new few months, with 20% believing that their business is performing well in the current economy.

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RBS opens business hub for budding entrepreneurs

February 14 ,2016 | by Claire Payne

The Royal Bank of Scotland has teamed up with Entrepreneurial Spark (ESpark) to open up a business hub for budding entrepreneurs at its headquarters.

The opening of the hub comes after it was announced that NatWest, which is part of the Royal Bank of Scotland Group, has opened a hub in Manchester to provide help for fledgling companies.

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UK digital businesses growing faster than other sectors, says Tech City UK report

February 13 ,2016 | by Helen Gould

The UK’s digital businesses are growing 32% faster than other sectors in the economy, according to research from Tech City UK.

The latest Tech Nation 2016 report, which surveyed 2,000 digital businesses, showed that the they had a combined annual turnover of £161bn.

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NatWest launches new business hub for entrepreneurs

February 12 ,2016 | by Thiago Kiwi

A new business hub to help entrepreneurs build up their business has been launched by NatWest. The company has opened the Entrepreneurial Spark business hub at its Hardman Boulevard office in Manchester.

Research carried out by market research company Populus for NatWest showed that 23 per cent of people in the North West wish to start up their own business, but over a third believe that the process is too risky. 

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Firm reveals plan for £20m business hub to boost Scottish economy

February 12 ,2016 | by Hari Sri

A new £20m Dundee Waterfront hub will help to create jobs and grow the economy, according to developers. Plans have been announced for the creation of a new city square, which will include a “Design and Innovation Quarter.”

The project is being developed by Our Enterprise and will help to provide opportunities for the city’s graduates and entrepreneurs, as well as hosting a variety of businesses. The development also aims to attract creative industries and provide extra jobs and living opportunities in the area.

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Business owners need to be “visible and engaged”, says report

February 12 ,2016 | by Helen Gould

Consumers are looking for business owners who are “visible and engaged”, according to a report by Brands2Life.

The report showed that British consumers are looking for more high-profile business leaders, such as Sir Richard Branson.

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Cambridge to tackle skills gap with Step Up project

February 11 ,2016 | by Erin O’Neill

Two groups in Cambridge have teamed up to form a new project that will help to tackle the skills gap in the city.

Whilst the city’s economy is growing fast, businesses have said that they are facing the challenge of attracting employees with the right skills. Young people are investing in higher education but are unsure of what their employment opportunities will be.

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Accountants are “resilient” to recession, says study

February 11 ,2016 | by Hari Sri

The accountancy sector is more resilient to recession than other employment sector in the UK, according to research from recruitment agency Randstad.

Research showed that the aggregate salary bill for the accountancy profession has increased more over the past 12 years than in other sectors, with a growth of 11.5 per cent, whilst the average wage bill for all professions in the private sector has dropped by 36.8 per cent.

 

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Over 5,000 recruitment start-ups launched in UK last year, research shows

February 11 ,2016 | by Claire Payne

Over 5,000 recruitment start-ups launched in the UK last year, according to research from Sonovate. 

The data comes after the Recruitment and Employment Confederation (REC) found that turnover in the recruitment industry increased by 9.7 per cent to £31.5 billion in 2015.

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What comes next for newly qualified accountants?

February 10 ,2016 | by Emma Felton

Many students finish their final exams and then find themselves intimidated by the prospect of entering the job market.

It can be a daunting situation, but entering the workforce can also be an exciting opportunity if you have planned properly. For the best results, you should begin to plan a few months before you actually finish your course.

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Economic growth strongest in West and East Midlands

February 10 ,2016 | by Thiago Kiwi

The UK economy grew at its fastest pace in the West Midlands and East Midlands for six months, according to a report by Markit for Lloyds Bank.

Research showed that output increased in January as the services sector performed well, but some areas, such as the North East, experienced slow growth due to job losses. Scotland was found to have experienced the slowest economic growth as a result of the oil price collapse, which has led to job losses. 

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Peterborough outperforms Cambridge for startup growth

Peterborough outperformed Cambridge for the number of startup businesses last year, according to data from the Office of National Statistics.

Cambridgeshire was found to have the slowest growth for start-up businesses, behind Hertfordshire, Essex and Bedfordshire.

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The Reality and Relevance of a University Degree

February 09 ,2016 | by Prof Maurits Van Rooijen

When it comes to university, there are two opposite lines of thinking. The first is that a university education is highly overrated - some people would advise you not to bother. Instead, just follow your own passion. This view is expressed seriously by very senior and successful people.

The second view is that unless you get into one of the top universities, you have a serious hurdle to overcome for your future career. Top universities are typically defined as institutions with the highest prestige in research and which select the most academically gifted students (usually defined by A-level scores). Many companies are quite open in telling people they will only recruit from top universities.

Both of these views are equally convincing - and equally misleading.

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6 reasons to do a summer internship

February 09 ,2016 | by LSBF Blog Staff

With summer fast approaching once again, it’s almost time to decide how you will spend your summer break.

When you’ve spent most of the year writing assignments and preparing for exams, you may feel as though summer is the perfect time to sit back and relax. However, an increasing number of students are now using their summer holidays to gain an advantage over their future competitors in the job market.

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Volunteers help to tackle unemployment in Somerset

February 09 ,2016 | by Claire Payne

Volunteers in Somerset are helping to tackle unemployment in the area by forming hubs that enable people to learn the skills they need to get back into work. The hubs, which are held in Minehead, Watchet and Williton, will help to provide “longer-term solutions” for locals.

The hubs are particularly ideal for people out of work who do not have access to a computer or transport. 

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Liverpool most entrepreneurial city, shows new survey

February 09 ,2016 | by Helen Gould

Liverpool has been voted the most entrepreneurial city, with a startup population of 16 per cent, according to new data from Companies House by Instant Offices. The research looked at the startup population of each city and compared it with the overall population.

Liverpool was found to have the highest population of startups, with over 57,000 new businesses being formed over the past two years. Birmingham was next with a start-up population of 14.5 per cent, with Manchester close behind at 14 per cent.

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Co-working helps startups to thrive, says study

February 09 ,2016 | by Hari Sri

Shared workplaces help startups to thrive, according to a survey by Regus, a company that provides global workspace.

Research showed that over 70 per cent of business owners and senior managers in Scotland believe that co-working is the best working environment for businesses that are just starting out.

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Video: Great Minds series - LSBF interviews Nick Hollingworth, CEO of Austin Reed

February 08 ,2016 | by LSBF Blog Staff

Nick Hollingworth, CEO of men’s fashion retailer Austin Reed, spoke to London School of Business and Finance (LSBF) about leadership, and the benefits of working in the retail industry.

Mr Hollingworth said: “The word that describes most successful leaders, and that most leaders would hope to apply to them, is the word inspirational.”

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ABC: the formula for organisational success

February 08 ,2016 | by Prof Maurits Van Rooijen

How can a simple ‘ABC formula’ help lead your company to success?

LSBF Rector Professor Maurits van Rooijen, reveals, and explains how your business can use it to encompass aspiration, organisation and community building.

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5 ways to ‘manage up’ difficult bosses

February 08 ,2016 | by LSBF Blog Staff

Plenty of us will have a difficult boss during our careers. Here’s our survival guide for managing your manager.

There comes a time in every professional’s career when they notice that their manager is making life harder rather than easier. Most of us will encounter a bad boss at some point – and it can be very difficult to stand up for yourself, especially if you’re in the first few years of your career. 

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Startups can avoid failure by ‘staying humble’, says expert

February 08 ,2016 | by Thiago Kiwi

Startups can avoid failure by keeping their feet firmly on the ground and staying humble, according to Sarah Bakai.

In an article for startups.co.uk, Bakai said that over 90% of startups fail, with some sources stating that more than half of new businesses fail in their first year. She said the causes of failure are “nearly always avoidable” and she provided several tips to help startups avoid becoming just another statistic. 

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New business hub in Walsall to benefit entrepreneurs

February 07 ,2016 | by Helen Gould

A new business hub is set to open in Walsall, providing more opportunities for entrepreneurs, start-ups and small and medium-sized enterprises (SMEs).

The 15,194 sq ft Citibase business centre will be located inside the Victorian Old Foundry, an historic building situated on Bath Street in the centre of the city.

Whilst the building has been refurbished to provide modern office space for up to 260 entrepreneurs in the local area, it has still kept some of its historic features, providing a unique setting for small and large businesses.

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