LSBF Blog - Global Matters

British businesses are optimistic about recruitment plans, report shows

British businesses are optimistic about recruitment plans, report shows

Businesses in Britain are feeling optimistic about their recruitment plans, with some still looking to boost their headcount despite political and economic uncertainty over Brexit and the general election, according to a report from ManpowerGroup.

The report surveyed 2,109 UK employers and asked them whether they planned to take on additional staff or reduce their employee numbers over the next quarter. The report found that businesses have a positive outlook of 5 per cent when it comes to hiring new staff.

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Work perks could be key to workplace success, research shows

Work perks could be key to workplace success, research shows

Work perks could help to boost morale and enable employers to get the most out of their employees, according to research from packaged bank account claims specialist Banking Refunds.

The research surveyed over 1,500 British workers, exploring their attitudes on workplace perks and benefits, and found that over 35 per cent feel happier at work when receiving perks.

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Employment rate remains at a high, Labour Force Survey shows

June 14 ,2017 | by Helen Gould

Employment rate remains at a high, Labour Force Survey shows

The employment rate in the UK continues to be at a high at 74.8 per cent, according to the Labour Force Survey from the Office for National Statistics (ONS).

Figures showed that the number of employed people increased between November 2016 and January 2017 and continued to rise between February and April 2017. 

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Lloyds Bank PMI shows London employment and business activity growth

June 13 ,2017 | by Helen Gould

Lloyds Bank PMI shows London employment and business activity growth

The latest Lloyds Bank Regional Purchasing Managers’ Index (PMI) has shown a boost in business growth and employment in London for the month of May.

The PMI, which is an economic health check of the UK’s regions, showed that business activity grew at a faster rate in London than in the rest of the UK last month, with rising business demand helping to boost employment levels in the city.

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Financial literacy is a vital life skill, according to research

June 12 ,2017 | by Hari Sri

Financial literacy is a vital life skill, according to research

Research from investment managers M&G Investments found that financial literacy is a vital life skill, with more than 50 per cent of parents believing that schools have an important part to play in financial education.

The research surveyed over 500 parents and 360 grandparents, exploring their views on financial education. It found that 28 per cent of parents believe that children should take responsibility when it comes to understanding money, whilst over 25 per cent think that grandparents should have a role to play in their grandchildren’s financial education.

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Online learning could help to overcome career slumps, survey shows

June 09 ,2017 | by Thiago Kiwi

Online learning could help to overcome career slumps, survey shows

Research by innovative training platform Course Library has shown that online learning and career progression opportunities could help people to overcome a career slump.

The research surveyed 1,200 people aged between 18 and 64 and found that 80.6 per cent of workers in the UK have experienced a career slump, with over 32 per cent believing that this is due to a lack of career progression.

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Mobile banking rising in popularity, research shows

Mobile banking rising in popularity, research shows

Mobile banking is becoming increasingly popular in the UK, with more people using a smartphone to access their bank account on a regular basis, according to research from market research company Forrester.

The European Financial Services Survey surveyed 3,870 online consumers in the UK and found that 35 per cent of respondents use a smartphone to log into their bank account every month, whilst 21 per cent use a tablet and 1 per cent use a smartwatch. 

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More executives using networking for job search process, research finds

June 07 ,2017 | by Helen Gould

More executives using networking for job search process, research finds

Networking is becoming a more important part of the job search process, with over 75 per cent of executives using this method to select candidates, according to research from executive search provider Korn Ferry.

The research has shown a decline in the importance of CVs when it comes to the job search process, with just 3 per cent of business executives believing that resumes are still the most important.

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Research reveals financial planning trends of millennials

June 06 ,2017 | by Hari Sri

Research reveals financial planning trends of millennials

Research from global asset management firm Legg Mason has revealed the financial planning trends of UK millennials, with smartphones being found to be the most popular way of engaging with financial services.

The Global Investment Survey found that over 90 per cent of millennials aged between 18 and 35 use a smartphone to access the internet, compared to 52 per cent of those aged between 53 and 71. However, just 16 per cent of respondents were found to be in favour of technology-led financial planning. 

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Research shows increase in demand for HR and recruitment professionals

June 05 ,2017 | by Helen Gould

Research shows increase in demand for HR and recruitment professionals

Demand for HR professionals and recruitment specialists increased in March 2017, up by 4 per cent and 12 per cent respectively from March 2016, according to data from the Association of Professional Staffing Companies (APSCo).

The data identified the top sectors for job growth within HR over the past 12 months, with advertising seeing the highest growth at 34 per cent, followed by media at 33 per cent.

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Number of IT jobs increases after cyberattacks, figures show

Number of IT jobs increases after cyberattacks, figures show

Figures from the Association of Professional Staffing Companies (APSCo) have shown an increase in the number of IT security vacancies following the recent cyber security attacks.

Demand for security jobs was found to be the strongest in sectors that hold sensitive data, such as the accountancy, retail and education sectors.

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Research shows a continued need for financial education among Brits

June 02 ,2017 | by Thiago Kiwi

Research shows a continued need for financial education among Brits

Research from Aviva has shown a continued need for financial education across the UK, with over 60 per cent of Brits saying that they wish they had learnt more about financial matters earlier in life.

The research, which surveyed 2,166 people in the UK, showed the impact that a lack of financial knowledge has had on Brits, with over 40 per cent still being affected by financial mistakes that they made in the past.

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Seedrs teams up with NatWest to offer alternative funding options

June 01 ,2017 | by Helen Gould

Seedrs teams up with NatWest to offer alternative funding options

Seedrs has teamed up with NatWest and Royal Bank of Scotland (RBS) to become part of the Capital Connections programme.

Through the programme, the crowdfunding platform will be joining a panel of funders to provide alternative finance solutions to business and commercial customers of NatWest and RBS in the UK who are unable to access the financial support they need through traditional funding routes.

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Job vacancies reach highest level since 2015

June 01 ,2017 | by Hari Sri

Job vacancies reach highest level since 2015

The number of job vacancies in the UK has reached its highest level since 2015, according to figures from jobsite Adzuna.

The UK Job Market Report showed that 1,179,586 job openings are now being advertised, with just 0.44 jobseekers for every vacancy, creating an opportunity for people to change their job or explore other employment options.

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How to succeed in your ACCA studies

May 31 ,2017 | by Helen Gould

How to succeed in your ACCA studies

Going into the accountancy field is a big decision. If you’re planning to study for the ACCA qualification, one of the main factors you may have considered is the notorious difficulty of the exams – and how much work you’ll have to put in to ensure you get a good mark.

Don’t be too discouraged though; here’s our advice on how to give yourself the best chance of success.

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Increasing salaries would attract the right candidates, says recruitment agency

May 31 ,2017 | by Helen Gould

Increasing salaries would attract the right candidates, says recruitment agency

Employers should consider offering a higher salary in order to attract the right candidates for jobs, according to recruitment agency Select Appointments.

The advice comes after recent research from the Recruitment & Employment Confederation (REC) found that over 40 per cent of employers have had to increase salaries to attract suitable candidates for jobs. 

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Google launches free app to help boost skills in UK

Google launches free app to help boost skills in UK

Google has launched a free mobile app to provide people of all ages across the UK with free digital training.

The launch of the Digital Garage app is part of the tech company’s wider commitment to help people across the country to boost their skills. 

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Research reveals highest-paid jobs for women

Research reveals highest-paid jobs for women

Research from Savoystewart.co.uk has revealed the top ten industries that have the smallest pay gap and offer the highest-paid jobs for women in the UK.

The research analysed figures from the Office for National Statistics and identified the industries that have a pay gap of less than 10 per cent.

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Adopting new technologies could help banking customers, according to HSBC

Adopting new technologies could help banking customers, according to HSBC

Adopting new technologies could help banking customers to protect their information, according to HSBC.

The bank surveyed 12,019 people in the UK, US, Canada, France, Germany, Hong Kong, China, India, Mexico, Singapore and the United Arab Emirates and found that many do not trust new technologies when it comes to banking, with just 7 per cent saying that they would trust a robot to open a savings account. 

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Challenger banks leading the way in UK, research shows

Challenger banks leading the way in UK, research shows

Challenger banks are leading the way in the UK, outperforming their high street counterparts in meeting the needs of their customers when it comes to digital payments, innovative services and account connectivity, according to research from financial services technology provider FIS.

The third annual PACE (Performance Against Customer Expectations) study surveyed 1,000 British banking customers, asking them about their banking experiences and how well their provider is meeting their banking needs.

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Barclays to create 100 new jobs for private banking expansion

Barclays to create 100 new jobs for private banking expansion

Barclays is to create 100 new jobs as part of the bank’s plan to expand its private banking business and attract wealthy clients.

The new roles come three years after Barclays ended its first expansion plan, which was launched in 2010. 

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Female entrepreneurs to help strengthen London’s connections with Silicon Valley

Female entrepreneurs to help strengthen London’s connections with Silicon Valley

Fifteen female entrepreneurs running businesses with an average growth rate of 115 per cent annually will be travelling to the US to strengthen London’s connections with Silicon Valley and learn about global opportunities.

The three-day event, which will take place on 19th June and will be led by London & Partners Chairman Rajesh Agrawal, London & Partners Principal Advisor on Growth Janet Coyle and SVC2UK Co-Founder and Chair Sherry Coutu CBE, will give female founders the opportunity to connect with US founders and potential clients and investors.

 

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UK financial services customers want improved loyalty programmes, research shows

May 19 ,2017 | by Claire Payne

UK financial services customers want improved loyalty programmes, research shows

Research from Collinson Group has revealed what UK financial services customers are looking for when it comes to loyalty programmes. 

The research, which surveyed 2,250 consumers across the US, UK, Singapore and the UAE, found that 38 per cent of banking and financial customers in the UK feel as though they are rewarded for their custom.

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UK unemployment rate reaches its lowest level in 42 years

UK unemployment rate reaches its lowest level in 42 years

The UK unemployment rate has fallen to its lowest level in 42 years, according to the latest figures from the Office for National Statistics (ONS). 

The figures showed a drop of 4.6 per cent in the UK’s unemployment rate, with the number of people out of work falling by 53,000 to 1.54 million in the three months leading up to March.

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City of London is a key global hub for fintech companies

City of London is a key global hub for fintech companies

The City of London has become a key global hub for fintech companies over the past decade, according to UHY Hacker Young.

Research from the national accountancy group showed significant growth in the City’s economy, making it the strongest in the UK over the past decade.

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