Financial services recruitment is experiencing “extremely difficult” conditions due to the recession, according to a new survey.
The survey, from banking and finance recruiter Morgan McKinley, shows that there were 64% fewer new job vacancies created in financial services last month than in January 2008.
The construction workforce for the 2012 Olympic games is set to double over the next year, providing welcome job creation for recruiters in the sector.
The recruitment industry has a key role to play in ensuring that candidates armed with good customer service skills enter the hospitality industry, according to recruiters.
Staff in the travel and transport sector have been the hardest hit by the recession, according to new figures.
The figures, from jobsite TipTopJob.com, found that 93% of jobseekers visiting the site from the transport and travel sector are facing redundancy, followed by 92% of construction, engineering and manufacturing jobseekers, and 84% of IT and telecoms workers.
Recruiters in Glasgow have welcomed a new initiative to allow commuters to use mobile phones while on the underground, allowing them to forge better links with candidates and clients alike.
Workers in Glasgow’s international financial services district can now make calls, send texts, email and access mobile internet while on subway station concourses and platforms across the city.
Business secretary Lord Mandelson plans to create 23,000 new jobs with a £35m Business Start Up programme in the North-West.
At a breakfast summit, addressing local business leaders in Salford, Mandelson offered support to 12,700 new businesses in the region.
A proposed meeting between a consortium of medical locum recruiters and Baroness Vadreah, minister for small business, to discuss the removal of the VAT staff hire concession, due to take place in December, has been put on hold.
The recruitment industry has defended itself against claims made in the national press that it is charging the NHS excessive hourly rates when providing temporary staff.
A report in the Daily Telegraph said that agencies were charging the NHS up to £116 an hour for agency nurses, and £157 an hour, the equivalent of £306,000 a year for a senior manager.
Victoria Walmsley
Operations director, Morgan McKinley’s financial services temp division
The Association of Executive Search Consultants (AESC) 2009 Member Outlook reports that several market sectors are expected to strengthen, despite the state of the world economy. Search consultants anticipate executive job opportunities to increase in healthcare (32%), government (30%), pharmaceuticals/biotech (26%), and natural resources (26%).