Scottish financial sector must look overseas to meet jobs demand
27 January 2014
Scotland’s financial sector companies must expand their recruitment reach beyond the UK if they want to successfully expand in 2014, according to independent recruiter Core-Asset Consulting.
Mon, 27 Jan 2014Scotland’s financial sector companies must expand their recruitment reach beyond the UK if they want to successfully expand in 2014, according to independent recruiter Core-Asset Consulting.
In its 2014 salary guide for Scottish financial sector professionals, the company says “bullish” recruitment activity last year is a good sign for financial sector growth, with higher than usual activity during the first six months of 2013 and no sign of the traditional fourth quarter slowdown.
The recruiter believes 2014 could be one of the strongest periods of growth for the Scottish financial sector in many years, but warns that recruiters must look beyond Scotland for talent if they are to meet demand.
Core-Asset Consulting managing director Betsy Williamson says finding the best talent in sufficient numbers is one of two key tasks for financial sector recruiters in 2014, alongside setting appropriate pay levels.
Williamson says the need to replace staff let go during the recession, as well as additional recruitment to support domestic and overseas expansion, is causing a surge in demand for “high-calibre candidates” with specialist experience that cannot be met within the Scotland or UK labour market.
“In order to grow, companies also need to look overseas if they are to find the right talent, and in sufficient volumes,” she says.
Williamson says having access to overseas candidates can “significantly increase the talent pool” for the financial sector, making it easier to fill difficult roles and bringing greater diversity to businesses with international aspirations.
As the Scottish financial sector grows, it is “vital” for companies to develop or have access to an international recruitment strategy, she says.
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In its 2014 salary guide for Scottish financial sector professionals, the company says “bullish” recruitment activity last year is a good sign for financial sector growth, with higher than usual activity during the first six months of 2013 and no sign of the traditional fourth quarter slowdown.
The recruiter believes 2014 could be one of the strongest periods of growth for the Scottish financial sector in many years, but warns that recruiters must look beyond Scotland for talent if they are to meet demand.
Core-Asset Consulting managing director Betsy Williamson says finding the best talent in sufficient numbers is one of two key tasks for financial sector recruiters in 2014, alongside setting appropriate pay levels.
Williamson says the need to replace staff let go during the recession, as well as additional recruitment to support domestic and overseas expansion, is causing a surge in demand for “high-calibre candidates” with specialist experience that cannot be met within the Scotland or UK labour market.
“In order to grow, companies also need to look overseas if they are to find the right talent, and in sufficient volumes,” she says.
Williamson says having access to overseas candidates can “significantly increase the talent pool” for the financial sector, making it easier to fill difficult roles and bringing greater diversity to businesses with international aspirations.
As the Scottish financial sector grows, it is “vital” for companies to develop or have access to an international recruitment strategy, she says.
• Want to comment on this story? The Comment box is at the bottom of the page. Sorry for the glitch but just scroll right down and share your opinions!
