Generation Z workers have high expectations when it comes to career progression.
The study, which surveyed 1,000 18 to 23-year-olds, revealed men are feeling particularly positive about progressing in their career. 18 per cent expect a promotion within less than twelve weeks of commencing employment, compared to 5 per cent of women.Read more >>
London will continue to be the world’s leading financial technology hub, according to research from rating agency Early Metrics.
The research assessed 1,500 FinTech companies across Europe and found London remains the top spot for FinTech. This is despite the challenges and uncertainty faced by executives in the industry over Brexit.Read more >>
Over 80 per cent of UK SMEs believe apprentices are the solution to solving the UK’s skills gap, according to the Close Brothers Business Barometer.
The quarterly found businesses believe providing more apprenticeships can help them gain access to skilled workers, with one in five having their own apprenticeship scheme in place.Read more >>
Payment solutions company First Payment Merchant Services (FPMS) has launched a new funding solution for small businesses.
The Smart Business Funding solution will provide small businesses that are unable to access funding from traditional banks with financial support. This is in the face of challenges such as Brexit and technology-driven shake-ups in the banking industry.Read more >>
Training provider Springboard Consultancy has launched a personal and work development programme to help individuals gain skills and rapidly develop their career.
The Boost programme was piloted in early 2017. There is high demand from employers who want to help their staff boost their skills, develop their career and quickly become more valuable to the company.Read more >>
Research from RADA in Business, the commercial subsidiary of the Royal Academy of Dramatic Art, has found UK employees want a workplace culture that encourages ideas and innovation.
The research surveyed 1,000 workplaces and found that over 80 per cent of businesses are failing to create a culture that encourages new ways of thinking.Read more >>
Research from financial services company Aldermore has revealed the best time for people in the UK to start a business.
The research found that spring is the best season for launching a business, with 88 per cent of SMEs (representing more than 4.8 million companies in the UK) that have done so during this period experiencing success.Read more >>
A report from Oxford Economics has found that 110,000 new jobs have been created in East London since the 2012 Olympics, with Hackney, Newham, and Tower Hamlets seeing the highest growth.
According to the research, Tower Hamlets has seen the highest increase in jobs since 2012, with 50,000 new jobs being created.Read more >>
Over 87 per cent of UK consumers agreed or strongly agreed that banking services should be personalised in a new survey from technology and omni-channel solutions company NCR Corporation.
The research surveyed more than 1,000 UK adults aged 16 and over and found that UK consumers have high expectations when it comes to banking services. 94 per cent of those with a bank account agree banking needs to be seamless across all devices and platforms.Read more >>
Research from professional training provider The Knowledge Academy has highlighted the need for more training opportunities for the whole workforce.
The research looked at data from EU statistics organisation Eurostat alongside a survey of more than 6,000 adults carried out by the UK Commission for Employment and Skills. They found that European countries are more likely to provide training opportunities for men than women.Read more >>
UK cloud accounting software company Xero is to launch an online learning tool aimed at students and employees to help boost their skills.
The Xero Lifelong Learning Platform was one of many new products that were demonstrated at Xerocon in London.Read more >>
London has outperformed its rival financial centres when it comes to the cost of locating 100 staff. The city is 25 per cent cheaper than New York, according to estate agency Knight Frank.
The 2018 Global Cities report compared the cost of locating staff in top global cities and estimated that the total average cost of employing 100 members of staff in conventional office space in London is $5,228,140 per year, compared to $6,938,000 in New York.Read more >>
Research from management consultant company Accenture has found UK consumers are reluctant to share personal data with third-party providers, creating a major opportunity for banks when it comes to building trust.
The research surveyed over 2,000 consumers and found 69 per cent would not share their banking data with third-party providers such as social media companies, tech businesses or online retailers.Read more >>
Lloyds has opened its first flagship store in Manchester as part of an investment into a group of flagship sites.
The £3 million store will combine face-to-face services with the latest technology as digital services become more important to the bank’s customers.Read more >>
Research from life insurance company Prudential has shown a demand for new recruits in the financial advice sector. 70 per cent of survey respondents say they would urge people to pursue a career in financial advice.
The research showed that while financial advisers are optimistic about the growth of the financial advice market, many believe that not enough action is being taken to encourage people to enter the profession.Read more >>
A new online global survey from ACI Worldwide and YouGov has revealed the services UK consumers want from their banks.
The research surveyed more than 9,000 consumers in the US and Europe. It found consumers worldwide expect their bank to provide new and innovative services.Read more >>
Businesses in the UK are embracing financial technology, with 77 per cent being aware of fintech products and services, according to research from finance company MarketInvoice.
The research found 65 per cent of UK businesses have adopted at least one fintech application, while 19 per cent have adopted at least four.Read more >>
Figures from the Institute of Student Employers (ISE) have shown an increase in the number of graduate jobs and apprentices in 2017.
The annual survey showed businesses have recruited 20,614 graduates in 2017, an increase of 1 per cent, while the number of apprentices has increased by 19 per cent to 11,016.Read more >>
Research from salary benchmarking website Emolument.com has revealed which firms are the most open-minded and willing to consider new ideas. Professional services and Big Four firms PwC and EY made it into the top five, cited by 88 per cent and 86 per cent of employees respectively.
Goldman Sachs topped the list, with 90 per cent of employees being satisfied with the company’s open-mindedness.Read more >>
Accountancy is one of the best-paying student jobs in the UK, according to research from UK jobsite CV-Library.
The research analysed 2,000 part-time jobs across 15 cities and revealed the best-paying roles for students. Construction topped the list with an average hourly rate of £13.58, followed by accountancy with an average hourly rate of £12.34.Read more >>
A report from Heathrow Express has found that London is the most popular destination for business travel.
The 2017 Heathrow Express Business Travel Insights Report found that 85 per cent of 2,424 business travellers have travelled to London for business.Read more >>
Over 45 per cent of businesses believe the financial technology sector is crucial to the future of London’s prosperity, according to the CBI/CBRE London Business Survey.
The survey of 271 respondents found the creative and tech sectors are the most important for the city’s economic growth over the next five years, with these being cited by two-thirds of businesses. This was followed by the fintech sector (47 per cent) and the professional services sector (49 per cent).Read more >>
Professional services and Big Four firm EY has announced a series of global talent programmes to help employees prepare for work.
The company will be running the programmes through management model LEAD and will be introducing a new programme called EY Badges. This will help people develop digital skills for the future.Read more >>
Research from financial services company Hargreaves Lansdown has shown employers are in support of financial education in the workplace.
The research surveyed 418 employers, exploring their views on auto-enrolment in the workplace. They found 55 per cent believe financial education can help their staff gain a better understanding of pensions.Read more >>
Figures from the Financial Conduct Authority (FCA) have shown an improvement in gender diversity amongst the UK’s biggest banks, with 28 per cent of senior executives being female.
The figures were analysed by DHR International and show that the number of female directors has increased by 1.5 per cent since 2015.Read more >>