Job market swings in workers’ favour as vacancy numbers soar March 29, 2015 The number of job opportunities grew strongly in February, new figures show. Professional recruiters had 21 per cent more vacancies in February than a year ago, according to data released today by the Association of Professional Staffing Companies. Permanent vacancies across engineering, IT, and finance and accounting rose by 25, 27 and 12 per cent [...]
Banks: Hurting us hits jobs all across the UK – not just the City March 29, 2015 Banking jobs are spread right across the country, rather than just in London, the British Bankers’ Association (BBA) said yesterday, challenging the myth that finance only benefits the City. Edinburgh, Leeds and Birmingham each have more than 10,000 bankers. Manchester is close behind, with just under 10,000, and a range of other cities from Bristol [...]
Accountants call for a cut in national insurance contributions March 29, 2015 Accountants have put a reduction in employers’ national insurance contributions (NICs) at the top of their election wishlist. Cuts to NICs were seen as the highest priority for tax cuts with 49 per cent of accountants favouring a reduction, according to figures released today by Bloomsbury Professional, a tax and accounting information group. The second [...]
Who you know, not what you know: Social contacts still key to a start in career March 29, 2015 Getting on to the career ladder is easy – if you are well connected and are willing and able to do about seven internships, a report suggests today. Young people today need, on average, to have seven work placements to get on to the career ladder, when in the past one would have normally been [...]
Recovery takes UK employment to all-time high with 30.94m people in work March 18, 2015 A record proportion of Britons are in work, providing a timely boost to chancellor George Osborne ahead of May’s General Election. There were 30.94m people in work in the three months ending January – 617,000 more than the same period last year, according to figures released yesterday by the Office for National Statistics. The employment [...]
Graduates urged to choose bank jobs over consultancies to earn more long-term March 18, 2015 Consultancies and investment banks might look the same at graduate recruitment fairs, but the long-term pay prospects are better at the banks, salary data firm Emolument.com said yesterday. The average new recruit at a consultancy will receive £49,000, just under the £54,000 that a new M&A banker will be paid. But top consultancies in fact [...]
Henderson Group fund managers get bumper bonus March 18, 2015 Staff at investment firm Henderson Group saw their bonus pool increase to £144m after seeing a 22 per cent rise in management fees during 2014. Henderson said the increase in the bonus pool was a reward for strong net flows, investment performance and business performance and marks an 11 per cent rise on last year. [...]
Budget 2015: Take-home pay set to increase for UK workers March 18, 2015 Britain's workers will take home more of their income from April onwards, when the personal allowance goes up to £10,600. The amount that can be earned before tax is applied will increase again, to £10,800, in 2016, and then go up to £11,000 in 2017. For those paying the higher rate of tax, at [...]
Paying interns makes internships pay – ACCA Comment March 18, 2015 Companies must get out of their comfort zone and give young people a chance. This week, ACCA released the findings of a survey we conducted with Intern Aware and YouGov, which asked businesses across the UK their views on internships. Our research found that over half of British companies have never used an intern, and [...]
Budget 2015 interactive: Friends of the north? Unemployment mapped in every constituency March 18, 2015 On budget day, George Osborne offered a hand to the north of England. The Conservative party would, he said, build a Northern powerhouse, and, in fact they had already started. Employment and jobs the chancellor added, have grown faster in the north of England than the south. ONS tables comparing the three months to the [...]