Commercial Finance Today » banking recruitment

Continued Improvement in Candidate Availability

admin — Thu, 28 Jul 2011 10:30:37 +0000

John Peters, Director at Commercial Finance People Recruitment comments “Comparing month-on-month and quarter-on-quarter, we are seeing noticeably more candidate activity, both in response to our posted jobs and in general enquiries about the availability of new career opportunities. Overall, confidence in the economy remains fragile among employers and employees but there does seem to be a growing desire to feel more confident and a growing readiness to take more of a risk. One standout point is which groups of people seem more inclined to take a risk at the moment – we are seeing more interest from risk and relationship people, not so much from business development people.”

Latest data signalled higher levels of availability for permanent workers in June. Nevertheless, panellists continued to indicate skill shortages for a range of specific job types.

The availability of candidates to fill permanent job roles increased for a fifth consecutive month in June. Although quickening to the fastest since February, the rate of growth remained only modest.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Staff Appointments Grow in Invoice & Lease Finance Sectors

admin — Wed, 29 Jun 2011 09:00:35 +0000

Commercial Finance People, contributors to the REC and KPMG ‘report on jobs’, comments on the continued growth of permanent placements in the invoice finance and leasing finance sectors

The survey reports that the number of people placed in permanent jobs increased for a twenty-second consecutive month in May, although the rate of expansion of placements slowed to the weakest since October 2010.

“Within invoice finance and leasing finance, the trend in vacancies is very much upwards – and we expect to see the trend in placements in these two of our specialist sectors continue to grow as these funders increase the level of finance they provide to SMEs within UK PLC” said John Peters, Commercial Finance People director.

He went on to say “However, the increase in demand for good people is revealing a potential skills gap. There are currently some excellent job opportunities in the invoice finance/ABL and leasing sectors. However, with confidence fragile, many talented people are reluctant to consider their next career move, with the result that finding people who can ‘hit the ground running’ is even harder than normal. Skills shortages and transferable skills are set to become industry issues as the economy continues to recover.”

Weaker rise in candidate availability

Although the availability of candidates to fill permanent and temporary jobs improved further in May, in both cases the pace of growth eased since the previous month.

Availability of permanent staff

Recruitment consultants signalled a rise in the availability of permanent staff for the fourth month running in May. However, the rate of improvement was only marginal and slightly weaker than in April.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Permanent Placements Rose at Faster Pace in April

admin — Wed, 25 May 2011 09:30:39 +0000

Commercial Finance People, recruitment consultants and contributors to ‘Report on Jobs’, a monthly publication produced by Markit and sponsored by the Recruitment and Employment Confederation and KPMG LLP (see excerpt below and link at page footer), reports that vacancies which are being notified in the banking and finance sector, and appointments made, have steadily increased throughout April. The survey reports:

Permanent placements increased at faster pace

Permanent staff appointments rose at a strong and accelerated rate in April, although growth remained below February’s ten-month high. The increase was attributed by panellists to a further marked rise in demand for permanent staff.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Continued Increase of Finance and Banking Jobs Throughout March

admin — Wed, 20 Apr 2011 08:00:14 +0000

Commercial Finance People, recruitment consultants and contributors to KPMG’s monthly ‘Report on Jobs’ (see excerpt below and link at page footer), reports a steady improvement in demand for staff within the finance and banking sector in line with the general trend demonstrated by the KPMG findings.

The overall level of vacancies available for staff seeking employment rose for an eighteenth consecutive month in March. Furthermore, the rate of growth quickened to its highest since April 2010. This was signalled by the Report on Jobs Vacancies Index rising to 60.8 from 60.4 in February.

Demand for permanent staff rose at a stronger rate in March. The latest increase in vacancies was the sharpest since April 2010. This was indicated by the Permanent Staff Vacancies Index recording 60.9, up from 60.4.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Increase in Candidate Availability

admin — Wed, 24 Nov 2010 08:00:07 +0000

Commercial Finance People, recruitment consultants and contributors to ‘Report on Jobs’, a monthly publication produced by Markit and sponsored by the Recruitment and Employment Confederation and KPMG LLP (see excerpt below and link at page footer), report an increase in response from candidates with relevant experience for jobs posted, as well as an upturn in enquiries from candidates who had previously been reluctant to consider a move. Whilst the latter seems to be the exception to the rule, there is a clear trend in improvement across the Banking & Commercial Finance sector.

Rise in candidate availability
Signs of a loosening job market were apparent in October as staff availability increased. Recruitment consultants indicated higher levels of availability for both permanent and temporary candidates.

Availability of permanent staff
The availability of staff to fill short-term vacancies rose for the first time in four months during October. Although modest, the rate of improvement was the sharpest since April.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Growing Disparity in Sector Vacancy Trends

admin — Wed, 27 Oct 2010 10:51:56 +0000

Commercial Finance People, recruitment consultants and contributors to KPMG’s monthly ‘Report on Jobs’ (see excerpt below and link at page footer), reports a dip in the upward trend in recruitment activity with vacancies, staff availability and salaries all reducing slightly during September. This is despite the fact that official figures released on Tuesday, show that the economy is growing by 0.8% in the third quarter – stronger than the 0.4% predicted by analysts. According to the Office for National Statistics, economic growth for the past 6 months has now hit 2% with the fastest pace seen over 2 consecutive quarters for 10 years according to the ONS

As might be expected, KPMG’s latest Report on Jobs shows a wide disparity in recruitment activity within different sectors and further results from the ONS reported a wide divergence in trends between industries. On the one hand, a number of private sector categories which saw sharp downturns in the recession have since posted strong recoveries.

These include IT & communication and finance & insurance, which had the highest vacancy levels per thousand jobs in the three months to August. Hospitality, personal services, retail and professional vacancies have also recovered well and are among the fastest-growing sectors.

In contrast, those job categories most exposed to government spending cuts have seen deteriorating vacancy trends. By far the hardest hit so far has been public administration, which saw a 65% year-on-year drop in vacancies in the three months to August and the lowest ratio of available positions to existing jobs of all categories.

Education and healthcare vacancies also showed negative year-on-year changes, although in the case of the latter the fall was only slight. Meanwhile, the construction sector is a notably weak performer, reflecting its exposure to squeezed public sector budgets and still fragile commercial development activity.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Demand for Staff in the Financial Sector Continues to Grow

admin — Wed, 29 Sep 2010 09:15:52 +0000

Commercial Finance People, recruitment consultants and contributors to KPMG’s monthly ‘Report on Jobs’ (see excerpt below and link at page footer), reports a continued improvement in demand for staff within the financial sector.

A slight downturn in August is in line with previous years’, but the trend remains positive. However, the impact on the private sector of public sector cuts is yet to be seen.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Report on Jobs contributed by Markit

Permanent Placements Rose at Fastest Pace for Two Years in October

admin — Wed, 25 Nov 2009 16:15:49 +0000

Commercial Finance People – providers of specialist recruitment services to the finance sector and contributor to KPMG’s Report on Jobs, confirms that its experience of recruitment patterns is mirroring the findings of the latest Report with an upturn in both vacancies and placements.

Commenting on the latest survey results, Bernard Brown, Partner and Head of Business Services at KPMG said:

“The UK jobs market looks healthier today than at any time in the last two years which is, of course, encouraging news. Sectors like accounting and banking lead the recovery and we may well have reached the tipping point into growth, driven by returning confidence in the private sector.

“However, we are still to see the impact of the looming public sector recession on the jobs market, which will play out over the first twelve months of a new parliamentary term.”

Copies of the report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Re-printed with kind permission of Markit