Tuesday, 11 March 2014 11:33
Finance sector jobs to rise particularly for youth
The finance sector is set to create a significant number of jobs in the next few months, particularly for those aged under 25, research suggests.
The Manpower Employment Outlook Survey predicts a boost in employment of graduates and apprentices.
The results show more employers intend to increase their staffing levels than cut it.
The 'net employment outlook' shows there will be a 6% rise in quarter two of 2014.
Responses came from 2,112 UK employers for the study that is used by the Bank of England and the Government.
{desktop}{/desktop}{mobile}{/mobile}
Karen De-Merist, ManpowerGroup sector director of finance and banking said
recruitment of apprentices is expected to be particularly strong.
It comes after the IFP Accredited Firms Conference heard last week that there is an increasing trend towards employing school leavers rather than graduates.
Ms De-Merist said: "We are looking forward to another strong quarter in the sector.
"Employers have more roles available and we have a good pipeline of candidates so there is optimism all round.
"One striking theme is the increased opportunity for young people in the sector, which is especially important as around 25% of workers in the sector are under 25.
"If you are under 25 then you should feel confident that your prospects in the sector are the strongest they have been for some time.
"We anticipate this will continue with further investment in apprenticeship programmes throughout 2014."
The 'net employment outlook' for large businesses is even higher – at +17% - higher than at any time in the last decade.
ManpowerGroup UK managing director Mark Cahill: "Larger firms can afford to invest in initiatives such as graduate recruitment schemes and apprenticeships in a way that others simply can't.
"After a sustained period of record youth unemployment, 2014 is promising to be the best year for young people and graduates in a long time."
The Manpower Employment Outlook Survey predicts a boost in employment of graduates and apprentices.
The results show more employers intend to increase their staffing levels than cut it.
The 'net employment outlook' shows there will be a 6% rise in quarter two of 2014.
Responses came from 2,112 UK employers for the study that is used by the Bank of England and the Government.
{desktop}{/desktop}{mobile}{/mobile}
Karen De-Merist, ManpowerGroup sector director of finance and banking said
recruitment of apprentices is expected to be particularly strong.
It comes after the IFP Accredited Firms Conference heard last week that there is an increasing trend towards employing school leavers rather than graduates.
Ms De-Merist said: "We are looking forward to another strong quarter in the sector.
"Employers have more roles available and we have a good pipeline of candidates so there is optimism all round.
"One striking theme is the increased opportunity for young people in the sector, which is especially important as around 25% of workers in the sector are under 25.
"If you are under 25 then you should feel confident that your prospects in the sector are the strongest they have been for some time.
"We anticipate this will continue with further investment in apprenticeship programmes throughout 2014."
The 'net employment outlook' for large businesses is even higher – at +17% - higher than at any time in the last decade.
ManpowerGroup UK managing director Mark Cahill: "Larger firms can afford to invest in initiatives such as graduate recruitment schemes and apprenticeships in a way that others simply can't.
"After a sustained period of record youth unemployment, 2014 is promising to be the best year for young people and graduates in a long time."
This page is available to subscribers. Click here to sign in or get access.
Published in
Articles