NEWS

Number of recruitment industry start-ups reaches record high

December 15 ,2017 | by Erin O’Neill

Research from specialist PR firm for the recruitment industry ClearlyPR has shown that the number of start-ups in the recruitment industry in 2017 has reached a record high.

The figures, which were obtained under a Freedom of Information Request from Companies House, showed that 9,001 recruitment agencies have been started since January 2017, bringing the total number of agencies now trading in the UK to a record high of 35,275.

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Typical millennial wants to set up their own business

Research from investment management company Legg Mason has found that nearly half of millennials in the UK want to set up their own business.

The company’s fifth annual Global Investment Survey explored the views of 15,300 people and found that more millennials in the UK are setting the goal of starting up their own company.

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Data shows increase in demand for alternative finance services

December 13 ,2017 | by Anisa Choudhary

Data from the Cambridge Centre for Alternative Finance has shown an increase in demand for alternative finance services in the UK.

The figures showed growth across the UK’s alternative finance market, including crowdfunding, invoice trading, and marketplace lending. The date found a year-on-year rise of 43 per cent in 2016 from £3.2 billion to £4.58 billion.

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Financial services companies bringing jobs back to UK

December 12 ,2017 | by Erin O’Neill

Companies in the financial services sector are bringing jobs back to the UK as offshore regions face rising prices and skills shortages, according to research from recruitment company Robert Half Financial Services.

The research showed an increase in the level of onshoring amongst financial services executives, with 59 per cent of businesses transferring their offshored business operations back to the UK, which could result in a jobs boost in the financial services sector.

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Mentoring programmes valued by 94% of women

December 12 ,2017 | by Anisa Choudhary

A recent study carried out by recruitment company Robert Walters highlighted the importance of career development among women. They found that 94 per cent of females believe mentoring programmes are valuable to helping them develop their career.

The research showed a lack of development programmes in the workplace, with 45 per cent of businesses surveyed offering no development schemes and 18 per cent of employers not offering any career development opportunities at all.

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Report shows increase in number of permanent staff placements

December 11 ,2017 | by Anisa Choudhary

The latest IHS Markit/REC Report has shown that the number of permanent placements increased at the fastest pace for three months in November.

The report identified the sectors that saw the biggest increase in permanent staff vacancies, with accounting and financial seeing the highest rise, followed by IT and computing.

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Digital-only banks leading the way, research shows

December 11 ,2017 | by Erin O’Neill

Research commissioned by data management vendor Relay 42 has shown that digital-only banks are becoming increasingly popular with Brits, with 27 per cent having already moved to a mobile-only bank and 26 per cent considering doing so.

The study surveyed over 2,000 Brits and identified the main reasons for respondents choosing to switch to digital-only banks, with more than half citing a better online experience and functionality.

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Research shows demand for banking marketplace among UK consumers

December 08 ,2017 | by Anisa Choudhary

A report from Travelex Currency Solutions has found nearly 60 per cent of UK consumers want access to a banking marketplace to enable them to manage multiple accounts more easily.

The study surveyed 1,000 UK consumers and found that the number of money-related accounts has increased, with more consumers choosing to open accounts with fintech companies and challenger banks.

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Confidence at a high amongst UK entrepreneurs, research shows

December 08 ,2017 | by Erin O’Neill

A new survey from the Institute of Directors (IoD) has shown that UK entrepreneurs are feeling confident, with those who run young companies feeling more positive than those running established companies.

The research surveyed 628 members from entrepreneur group IoD99 and found that 83 per cent of entrepreneurs are feeling optimistic about their business prospects over the next year, compared to just 56 per cent of businesses in the IoD overall membership, who were surveyed in separate research.

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Research reveals most valued financial employee benefits

December 07 ,2017 | by Erin O’Neill

Research from financial services company Hargreaves Lansdown has revealed the top financial employee benefits.

The company’s report, entitled Workplace benefits, surveyed a total of 349 employers across the UK and found that workplace pensions are one of the most valuable financial benefits for employees, with this being cited by 36 per cent of respondents.

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Mobile payments becoming more popular among Brits, research shows

More people in Britain are taking advantage of mobile payments, according to research from payment systems company Vocalink.

The company’s State of Pay 2017 report surveyed more than 2,000 British consumers across all age groups. They found that payment services provided by applications including Apple Pay, for example, are rising in popularity across the UK.

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Finance roles set to see biggest salary increases

December 06 ,2017 | by Anisa Choudhary

Research from Robert Half has revealed which jobs will see the biggest salary increases in 2018, with several finance roles making the list.

The Robert Half 2018 Salary Guide revealed that junior developers top the list.

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Tech-savvy Millennials lead the way with online investment platforms

December 06 ,2017 | by Erin O’Neill

Millennials are using their knowledge of technology and social media platforms to seek out new online investment platforms, according to a report from peer-to-peer (P2P) business lending platform ArchOver.

The report, entitled Next Gen: Investors and Savers, questioned 2,000 UK adults on how they feel about risk and investment in the current climate and found that more than 65 per cent are savers, with these respondents choosing banking methods such as savings accounts and pensions.

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Research shows increase in UK salaries

December 05 ,2017 | by Erin O’Neill

Research from CV-Library has shown an increase in salaries across the UK, with a rise of 1.3 per cent last month compared with October.

The latest job market data also showed a rise of 1.9 per cent in salaries in November since the previous year, with many key sectors seeing growth.

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London remains top for entrepreneurship, according to index

The latest Barclays Entrepreneurs Index has shown London continues to be the UK’s top city for entrepreneurship, with the number of high-growth businesses in the city increasing by 9 per cent year-on-year.

The annual index showed that the city accounts for 37 per cent of the UK’s high-growth companies and also has the highest overall number of private equity-backed companies at 204.

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Financial firms to continue hiring despite Brexit

December 04 ,2017 | by Anisa Choudhary

Research from recruitment company Hays has shown two-thirds of financial firms will go ahead with their recruitment plans in 2018, despite Brexit.

The research surveyed more than 900 UK employees and employers from the banking and finance sectors.

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SMEs accounted for 60% of private sector employment

December 04 ,2017 | by Erin O’Neill

The Department for Business, Energy and Industrial Strategy (BEIS) has estimated that small and medium-sized businesses in the UK accounted for 60 per cent of employment in the private sector in the past year.

The figures showed that the number of SMEs in the UK has hit a record high of 5.7 million, up by 200,000 from last year and an increase of 2.2 million since the start of the millennium.

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Digitisation of traditional banks drives opportunities for finance brokers

December 01 ,2017 | by Anisa Choudhary

Emerging banking technology is creating opportunities for finance brokers, according to asset finance company Copernicus.

The company said finance brokerages in the UK can offer personalised services by investing in better technology.

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Citi Microentrepreneurship Awards celebrate responsible business finance sector

December 01 ,2017 | by Erin O’Neill

Sixteen businesses that have accessed responsible business finance have been announced as finalists at the Citi Microentrepreneurship Awards.

The awards, which are run by the Citi Foundation in partnership with Responsible Finance, are a celebration of the best emerging micro-entrepreneurs and the responsible business finance providers that support them

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85% of Britons want to start a business

November 30 ,2017 | by Erin O’Neill

Research from Huawei has found that 85 per cent of people in Britain want to set up their own business, with 77 per cent planning to pursue their goals in 2018.

The study surveyed 5,000 people across the UK and revealed which cities are leading the way when it comes to career goals.

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APSCo figures show increase in permanent contractor placements

November 30 ,2017 | by Anisa Choudhary

Demand for permanent professionals increased in October, with an annual rise of 0.2 per cent in vacancies, according to the latest figures from the Association of Professional Staffing Companies (APSCo).

The data, which concentrates on professional recruitment, showed that while demand fell across all of APSCo’s core sector groups, permanent placements increased across a number of sectors.

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Urgent need for improved financial advice for UK adults

November 29 ,2017 | by Erin O’Neill

Research conducted for the Nottingham Building Society has shown that UK adults need more access to financial advice on how to save their money, with more than 20 per cent believing that they are not saving enough.

The research surveyed more than 1,000 adults aged 18 and over and found that young people are the most affected, with 30 per cent of under 35s believing that they are not saving enough as a result of not having enough access to financial advice, compared to just 12 per cent of adults aged over 55.

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Report shows increase in consultant spending among banks

November 28 ,2017 | by Anisa Choudhary

A report from research and strategy firm Source Global Research has shown banks increased spending on consultants in 2016, with a growth of 8.4 per cent globally.

The Financial Services Consulting Market 2017 showed spending increased to £10.2 billion. Spending was up by 8.3 per cent in the global financial services industry, with the UK, US, and DACH being the biggest spenders.

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Industrial Strategy to boost skills and training in UK

November 28 ,2017 | by Erin O’Neill

The Government’s Industrial Strategy has been launched to help boost skills, training and research in the UK.

Over the next three years, £725 million will be put towards the Industrial Strategy Challenge Fund to help make the UK the most innovative nation in the world by 2030.

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Big Four firms sign up to Tech Talent Charter

November 27 ,2017 | by Anisa Choudhary

Professional services and Big Four firms Deloitte and PwC have joined an initiative that aims to boost the number of women in the technology industry.

The companies join 88 other firms that have signed the Tech Talent Charter, including banks and technology firms such as Lloyds Bank, Nationwide Building Society, Dell, and HP.

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