NEWS - EDUCATION & CAREERS
The UK’s biggest accountancy firms have been named the best social mobility employers for 2018 in the Social Mobility Foundation’s index, which was created in partnership with the City of London Corporation.
All Big Four accountancy firms made it into the top ten, with KPMG taking the number one spot for social mobility in this year’s index.Read more >>
HSBC has revealed which banking jobs will be necessary for building a career in a digital-enabled financial services industry in the future.
The bank highlighted the importance of upskilling staff as demand for individuals with an evolved set of skills looks set to rise among banks.Read more >>
Research from City & Guilds Group and Emsi has shown that apprenticeships could be the key to tackling skills gaps in the UK.
The study, entitled “People Power”, surveyed more than 1,000 UK C-Suite employers and found that more than 35% are mostly planning to recruit apprentices in the next three-to-five years, while 38% plan to use an apprenticeship programme to attract candidates.Read more >>
Education Secretary Damian Hinds is to issue a “call to arms” to school governors and trustees while urging skilled professionals and leading businesses to support education and schools in the UK. Hinds’ keynote speech to the National Governance Association saw him call on leading employers to do their bit to help “the next generation to thrive”.
Businesses are going to be asked to provide their expertise in filling the roles of governors and trustees all around the nation, with 10% of such school posts currently being unoccupied.Read more >>
The Department of Education has exceeded the target that it set itself for the recruitment of apprentices in 2017. The apprenticeship levy was first launched in April last year, with public sector bodies being obliged to make certain that a minimum of 2.3% of the workforce is made up of apprentices each year.
After just over a year, the Department has succeeded in meeting and even exceeding that target, and is now giving until the end of September for all of the other eligible public bodies to release their own figures.Read more >>
The UK government is paying close attention to the impact of a cap on skilled visas that resulted in over 1,000 doctors being refused entry to the UK between December 2017 and March this year, it has been revealed by Downing Street.
On Sunday, Home Secretary Sajid Javid increased hopes of the cap being lifted by noting that he was giving a fresh look to the policy, putting pressure on Prime Minister Theresa May to have the restrictions loosened.Read more >>
Education Secretary Damian Hinds has decided to clamp down on agencies that he believes overcharge schools for advertising vacancies and trying to recruit new staff members in a bid to save money and allow teachers to stay focused on their main priority.
Supply teachers are relied on by many schools at some time during the school year in order to cover both long and short-term vacancies, and schools often have to pay for advertisements in order to recruit necessary staff members. They are often charged very expensive finder’s fees by agencies if head teachers decide to give their supply staff permanent positions. These agencies often do not make clear the full nature of their fees in addition to the basic wages that are given to supply staff.Read more >>
Coworking is increasingly big business in the UK. Those who decide to cowork when building a start-up enterprise, those who are running a team remotely, and big corporations offering greater autonomy and flexibility are contributing to the coworking market’s massive growth, which is showing no indication of declining.
According to a forecast from the Global Coworking Unconference Conference, there will be as many as 5.1 million paid coworking members and 30,432 spaces all over the world, with an annual growth rate at an average of 24.2% in the market since 2007.Read more >>
Online MBA programs offer students the ability to study anywhere and at any time they choose, even while holding down a job, so long as they have access to the internet. According to the Graduate Management Admissions Council, flexibility, and having access to high-quality programs without the need for travel, are two of the biggest reasons why students are choosing to take an MBA program online rather than on a traditional campus.
There are a wide array of MPA programs beginning to pop up online, and while most require at least some campus time for students, a growing number are delivering their courses completely online.Read more >>
The latest figures from the Association of Professional Staffing Companies (APSCo) have shown that the number of permanent vacancies in the financial services sector increased by 10% in the 12 months leading up to April 2018.
The research, which focuses on professional recruitment, also showed an increase in permanent placements in financial services, with an annual rise of 19%.Read more >>
Are you looking for a new career, or just starting out and haven’t decided which direction to take?
If you consider yourself to be an organised person, enjoy working with other people and regularly enter a state of tranquility when you tick tasks off a to-do list, you may have a future in project management.Read more >>
Research carried out by Dartmouth Partners has shown that London remains the most attractive location for graduates who want to pursue a career in finance.
The recruitment firm’s “Gen Z Hiring Report” surveyed 600 people applying for jobs in financial services and found that London is the top spot for recent and future graduates, with 84 per cent of respondents citing the city as the place where they most want to work.
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The increase in the number of people switching jobs is proof that the UK economy is recovering, according to Bank of England officials.
Nearly 900,000 people switched jobs between October and December last year, the highest number of people since 2004.Read more >>
Data from the Office for National Statistics (ONS) has shown that the number of people in employment in the UK increased between August to October 2017 and November 2017 to January 2018.
The latest Labour Force Survey showed that the employment rate reached a record high of 75.3%, up from 74.6% a year earlier.Read more >>
A study from Hydrogen and My Family Care has shown that businesses in the financial services sector are prioritising flexible working.
The research looked at the needs, wants and challenges of employers and employees across a range of industries, including banking and finance, and found that more than 80% of people look for flexible working options before committing to a company.Read more >>
A study from the Association of Accounting Technicians (AAT) has highlighted the value of apprenticeships for smaller businesses.
The research, which coincides with National Apprenticeship Week, showed that small businesses are recognising the benefits of apprenticeships, with 97% insisting that taking on an apprentice has been constructive and good value for money.Read more >>
The latest figures from the Association of Professional Staffing Companies (APSCo) have shown demand for finance professionals was strong in January.
The figures, which focus on professional recruitment, showed a strong demand for permanent staff, with a 0.3 per cent rise in permanent vacancies. This follows recent figures from the Office for National Statistics, which showed employment has reached a record high of 75.3 per cent.Read more >>
Two of the Big Four firms have made it into the Sunday Times’ 25 Best Big Companies to Work For 2018 list.
EY came in tenth place, up from 17th place in 2017, while Deloitte rose from 18th place to 13th place on this year’s list.Read more >>
A report from the Association of Chartered Certified Accountants (ACCA) has shown that job satisfaction is higher in large accountancy firms, with 48 per cent of young finance professionals working in a large company saying that they are happy in their job role.
The report, entitled Generation Next: managing talent in large accountancy firms, surveyed 19,000 ACCA members and students aged 16 to 36, with particular focus on young finance professionals working for a large accountancy firm globally, such as one of the Big Four firms or a mid-tier company.Read more >>
Lloyds Bank has recently become the first FTSE 100 company to announce a diversity target to boost the number of staff from BAME (Black, Asian and Minority Ethnic) backgrounds in senior management.
The bank will be increasing BAME employees in senior management roles from 5.6 per cent to 8 per cent as part of its 2018 Helping Britain Prosper Plan which is set to be published next week.Read more >>
The latest IHS Markit/REC Report on Jobs from the Recruitment & Employment Confederation (REC) has shown an increase in demand for permanent staff across a number of sectors in January.
Permanent staff placements increased at the steepest rate since April 2015 last month, while overall growth in temporary billings was sharp, despite hitting a ten-month low.Read more >>
A study from recruitment agency Robert Half UK has shown the nation’s finance workers need more access to wellbeing programmes.
According to the study, 78 per cent of chief financial officers believe stress levels in the workplace will increase by 2020, whilst 16 per cent think there will be no change.Read more >>
Emolument.com has revealed the sectors that offer the highest-paid roles for contractors, with several finance jobs making the list.
The salary comparison website analysed compensation data from 3,694 contractors in the UK and found the majority of the best-paying roles are in sectors such as finance.Read more >>
Morgan McKinley’s 2018 Salary Guide has shown that demand for niche skills and specialist knowledge was strong in the accounting and finance sectors in 2017.
The recruitment consultancy’s guide also identified a number of key trends, including increases in salaries for newly qualified individuals working in finance in areas such as London.Read more >>
Finance recruitment company Robert Half has revealed which roles are set for the biggest salary increases in 2018.
The Robert Half 2018 Salary Guide showed accountants and finance leaders will see the biggest increase in their salary as demand for skilled finance professionals rises.Read more >>