Financial sector recruitment in the UK remains slow, but the country is still faring well compared with other geographies, reports specialist jobsite eFinancialCareers.co.uk

The average number of UK jobs posted on the site decreased 11% from 3,270 in Q1 2011 to 2,923 in Q1 2012. This compares with a 10% drop in the Asia-Pacific region, 13% in the US and 14% in the Central Europe and Middle East region.

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Congratulations to Lydia Morgan who won our April referral competition.  For her trouble Lydia has won £250 paid into a UK bank account of their choice.

This competition runs every month so start referring your friends to be in to win the May competition – each referral gives you one entry in the draw.

Check out The Terms and conditions

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This summer, the eyes of the world will be on England. With June and July set to see two of the biggest events in the world taking place in London there is set to be a significant boost to the UK economy and most importantly the job market.

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An uncertain jobs market in London means limited companycontractors could enjoy high demand for their services for some time. That is the suggestion of a new report by recruitment specialist Morgan McKinley, which showed that job vacancies in the financial services sector declined by eight per cent between February and March.

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Wilkinson & Associates, specialist recruiters of qualified finance professionals in Edinburgh, have provided the following update on the opportunities in the Edinburgh market:

We understand that with the continued economic woes in the wider financial markets, many antipodean travellers are considering the UK with a sense of trepidation. However, as Wilkinson & Associates are based in Edinburgh, we believe we are able to buck the trend and demonstrate positive prospects for qualified accountants coming to Scotland.

The last year has proved to be a very successful year in Edinburgh despite extremely challenging market conditions. Over the course of the year a relatively slow permanent market was generally offset by the continuing positive trends within the interim contract market. Interestingly, the demand for newly and recently qualified accountants showed signs of significant improvement in the first quarter of 2012 and we are hopeful that these more positive signs will become the norm.

Many global businesses have chosen to have their European headquarters in Edinburgh. This is partly because in Edinburgh you can speak to New York and Hong Kong on the same day. It is also because property costs are lower in Edinburgh which makes it an attractive location to many companies. It is fair to say that Edinburgh therefore offers a fantastic opportunity for candidates wishing to work for blue-chip companies.

Edinburgh is dominated by financial services and whilst we acknowledge that the UK bank’s have received negative criticism recently, it has actually resulted in fantastic opportunities for those individuals seeking contract work.  The UK banks are going through massive cost reduction programmes and having to improve efficiencies. This means that they have been hiring a large number of commercial and technically savvy accountants to undertake these mammoth projects.

Job seekers with a positive “can do” attitude who embrace change and new challenges are highly sought after in Edinburgh, and are finding it relatively easy to find work quickly on their arrival.  As a highly desirable city to live in, Edinburgh offers people all the benefits of a major capital but with ease of living. Work –life balance is critical to everyone, and on the whole Edinburgh beats London hands down on that front!

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On 15 March 2012, a written ministerial statement was laid in Parliament outlining a number of changes to the Immigration Rules.

From 14 June 2012, the personal savings you must have to support your application will increase. If you plan to make a Tier 5 application on or after 14 June 2012, you must ensure the correct funds are held in your account as soon as possible.

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The latest survey into Scotland’s jobs market in February has suggested the fastest rise in permanent appointments since October.

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To better help job seekers moving between the Australian, New Zealand and United Kingdom job markets, we are expanding our London operations.

On 10 April 2012, we will be establishing a central service hub in London. This will enable us to work more closely with new arrivals to the United Kingdom. To support this structural change, we will be relocating our international consulting team from Wellington to London.  This means that people considering the move to the UK will be dealing with our team outside of your work hours – so expect calls in the evening when you are in New Zealand and Australia – rather than those akward during work conversations

We will continue to run our ‘Going to the UK’ seminars in New Zealand and Australia.  However in order to ensure we get all our ducks in a row, the March seminar series has been deferred until April.  According to our records you will have departed before the April seminars are held.   Your Global Advisor will call you to make sure you will be 100% Ready for your move to the UK.

We will continue to run our ‘Going to the UK’ seminars in New Zealand and Australia, so if you have not attended one or want a recap you register for the next seminars in April using link below:

Melbourne, Monday 16^th April 2012

Sydney, Tuesday 17^th April 2012

Auckland, Tuesday 24^th April 2012

Wellington, Thursday 26 April 2012

View KPMG/REC UK Markets Job Report – Feb ‘12 for the latest Market insight.

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Growth of permanent staff placements was recorded for the second month running in February and at the strongest pace since last May., according to the REC/KPMG Report on Jobs published today. Agencies’ temporary/contract staff billings, however, fell slightly for the third month running.

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There is a need to raise the bar in HR recruitment to avoid the “lottery” that currently exists in finding the right people for the industry, according to a report released today.

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