NEWS - EDUCATION & CAREERS
The UK economy could receive a welcome boost from exporting the higher education sector as a whole, says Universities UK research.
Higher education plays an essential role in the UK’s economy, supporting the uptake of skills while driving innovation and attracting investment and talent. New research this week from Universities UK shows that education exports offer a valuable contribution to Britain and its economy, creating a high-growth industry in its own right.Read more >>
Speaking at the Going Global conference, former Universities Minister David Willetts called for funding support for students looking to study abroad.
The Treasury should extend student loan funding to support students who wish to complete some of their studies abroad, according to David Willetts, the former Universities Minister. Speaking at the British Council’s Going Global conference this week, Mr Willetts lamented the lack of progressive funding schemes like those found in “enlightened” countries such as Norway.Read more >>
The UK’s capital is set to experience a decade of jobs growth, while an increase in investment sparks hiring from tech startups.
Hiring from finance and technology companies will soar over the next decade in a post-financial crisis boom, according to new research. Meanwhile, surging venture capital investment is expected to boost hiring at British tech startups.Read more >>
Leading employers rate work experience as the most valuable asset in graduates, says Universum study.
Work experience is “the most popular qualification among those presented” and is valued more highly than grades achieved or the university attended by graduates. In fact, 58% of employers said work experience and sport impressed them the most, according to new research.
The survey of employers, conducted by Universum - a specialist in employer branding analytics - found that the second-most important aspect was a student’s personality (48% picked this) and only 16% looked for grades from a prestigious university. Merely 15% of respondents favoured a degree from a specific university over anything else.Read more >>
Employees in the UK’s financial services are experiencing a robust increase in career opportunities.
An increase in permanent vacancies and growing average salaries, it’s all good news for those employed in financial services in the UK, according to reports from recruitment agencies. Furthermore, we should expect to see rising staff turnover this year as the number of alternative jobs appears to be climbing.Read more >>
Students from overseas contribute £2.3 billion towards the UK economy, shows new study by PwC.
Foreign students coming to study in London contribute a net £2.3 billion to the UK economy and support 70,000 jobs, according to new research from PwC and commissioned by London First.
The report, titled “London Calling: International students”, will go along way to overturn claims that overseas students are a burden upon taxpayers, especially since the figure of £2.3 billion has already taken into account the estimated £540 million costs these students have on public services, including the NHS.Read more >>
We investigate the ways social media can be used to your advantage when it’s time to join the search for employment.
Over the last decade social media has risen to the highest heights. From old favourites such as Facebook and Twitter, to the newly developed Bubblews and Sharebloc, there are hundreds of social media platforms to choose from. With so many options, it’s getting difficult to decide which are worth investing time into.Read more >>
We explore the advantages of studying abroad and discuss whether the experience boosts your employment prospects.
Studying abroad is something which attracts and inspires thousands of young people every year. Go International’s ‘Gone International’ study found that, of 233,185 graduates in 2013, over ten thousand had spent time studying in a country outside of the UK.Read more >>
We spend most of our adult life at work, and being happy in our jobs can have a big impact on how we feel. We investigate job satisfaction, and what companies can do to improve employees’ happiness.
A list compiled by Best Companies, an organisation that specialises in compiling yearly employee engagement surveys, has outlined the ‘best UK companies to work for’ in 2015. They are separated into not for profit companies, small companies, medium companies, big companies and housing associations.Read more >>
Adding to the executive education funds provided by several companies, we explore if employers offering educational sponsorships to entry-level employees would be beneficial.
Following Starbucks and McDonald’s announcements in the past month stating that educational funding for employees would now be extended to cover four years of education, it may be worth looking at whether employees and organisations could benefit from encouraging entry-level workers to study.
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According to CIPD’s recent research into young people and the workplace, SMEs can help overcome youth unemployment in Britain.
Over the last three years, the Chartered Institute of Personnel and Development (CIPD) have been collating information to establish the levels of employer engagement with young people – those aged 16 to 24. The Learning to Work survey report has been created with a particular focus on the recruitment of young people and the types of programmes offered to them by organisations.Read more >>
Job seekers can now get an insight into individual companies before deciding to work for them thanks to new research and an innovative online tool created by Emolument.
Emolument Employer is a new service allowing individuals to access accurate pay data, including average salary details for a range of positions across a wide number of notable employers.Read more >>
The number of job vacancies in the City of London is almost double the amount of people seeking employment there, according to recruiter, Robert Walters.
Robert Walters claims that London’s financial district has more jobs available than candidates to fill the positions. The recruiter noted that the shortage of jobseekers could prevent finance firms from achieving their full growth potential unless more workers are encouraged to change jobs.Read more >>
Prolonged low oil prices would boost employment in the UK, according to a PwC report.
The UK could experience an employment boost of 121,000 by next year if oil prices settle at $50 per barrel, says a PwC report, when compared to a scenario where prices remained around their mid-2014 highs at $108 per barrel. Furthermore, a prolonged period of low oil prices would increase overall economic activity in the UK.Read more >>
Money is no longer all that attracts graduates to a company, according to EY.
Salary is no longer the main attraction for graduates that are considering their employment options, according to a new survey from Ernst and Young. The poll of more than a thousand students found that salary and benefits was no longer the number one consideration for graduates, despite coming joint top in last year’s survey.Read more >>
The banking giant, Barclays, is setting up an apprenticeship scheme for wannabe bankers that are over 50.
A new apprenticeship scheme is being launched by the well-renowned bank, Barclays, however it’s with a twist. If you’re thinking about becoming a banker, those that apply can expect to work their way from the bottom-up. But don’t expect a successful application if you’re fresh out of school, as this scheme is aimed at those aged 50 and over.Read more >>
London’s City employs record number of financial and related professional services workers.
TheCityUK’s latest London Employment Survey showed that the number of workers in the financial and related professional services industry hit a record high in December 2014, highlighting the sector's burgeoning recovery.Read more >>
Employment rates near record highs as growth of UK high-skilled jobs outpaces that of Europe.
This week, UK Prime Minister David Cameron stated that Britain is the ‘jobs factory of Europe’. The latest round of employment data saw the unemployment rate fall to 5.8 per cent and the employment rate jump to 73 per cent.
It’s no doubt that the number of employed people in the UK remains close to record highs and unemployment continues to decline, which has the government heralding the data as proof that its economic plans are working.
The figures do showcase improvement in the economy. Furthermore, wage growth is outstripping the inflation rate and should see consumers gain more purchasing power, which would help add extra fuel to the consumer spending powered economic recovery.Read more >>
The number of people out of work fell to its lowest level in the three months to November as UK jobs continued to grow.
Employment in the UK remains one of the highlights of the economic recovery and new figures released by the Office for National Statistics (ONS) confirms these facts. The unemployment level fell to its lowest in more than six years in three months to November, according to the report.
The number of unemployed people in the UK fell by 58,000 to 1.91 million and the unemployment rate edged lower to 5.8 per cent, its lowest reading since August 2008 and a little below expectations.
“We’re continuing to buck the European trend with strong growth and record job creation,” said Danny Alexander, chief secretary to the Treasury.Read more >>
City of London recruitment continues to expand alongside salary growth.
The number of jobs available for employees in the City of London continues to see annual growth, according to the latest London Employment Monitor report from financial services provider Morgan McKinley.
Indeed, in October 2014 the number of job opportunities increased by two per cent when compared with the same time in the previous year. Furthermore, the average salary increase for those securing new jobs in October 2014 was 18 per cent, indicating employers are seeking candidates with a strong skill base, according to the report.Read more >>
24 per cent of students in the UK are starting a business while studying at university, according to a study from Santander Universities UK.
The UK’s entrepreneurial spirit is well and truly flourishing and it seems the drive to start your own business is occurring earlier and earlier, as highlighted by research from Santander Universities UK. A study of university students showed that almost a quarter (24 per cent) of those surveyed already run their own business or plan to start one alongside studying for their degree.
Additional findings also estimate the collective turnover of these businesses as more than £44 million annually, an impressive figure considering these entrepreneurs need to ensure they don’t let their studies slip.Read more >>
The City of London employed 18 per cent more people in 2014 when compared with the previous year.
It appears that London’s job market is making a comeback as 33,063 new jobs were created in the City in 2014, as highlighted by a recent report from recruitment firm Astbury Marsden. The creation of over 33,000 jobs in 2014 was an 18 per cent increase when compared with the 27,915 new roles of 2013.
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Great news for professionals and graduates as CBI survey shows UK firms plan to hire in 2015 and experts predict larger pay increases.
It appears that 2015 will be a fruitful year for British employees and jobseekers alike. A recent survey from the Confederation of British Industry (CBI) showed that around half of UK businesses are looking to expand their workforce. This was then followed by a prediction of increased pay awards for employees from Martin Weale, a member of the Bank of England’s (BOE) monetary policy committee.Read more >>
Data from Quacquarelli Symonds (QS ) shows that London is one of the world’s top cities for student recruitment.
New research from QS has shown that London has scored the maximum of 100 points in the category of employer activity in QS’ Best Student Cities 2015 report. The finding was based on global employers identifying the institutions they prefer to recruit from, indicating the strength and depth of the university sector.Read more >>
Hiring intentions remain high in professional services, reports CBI.
According to the latest data from the Confederation for British Industry (CBI), employment in the business and professional sector rose at its quickest rate in seven years during the three months to November.
In total, 49 per cent of firms in these fields said they had expanded their headcounts, compared to just 7 per cent downsizing: leaving a record high balance of 42 per cent.Read more >>