Modest growth of permanent placements maintained…
Permanent staff placements increased in April, continuing the trend seen since the start of 2012. That said, the rate of growth was modest and the slowest since January. Higher placements were supported by a further solid increase in demand for staff….but temp billings show further slight fall

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A slight drop in the number of professional jobs in the market can be attributed to the Easter holidays interruption, claims Morgan McKinley in response to its monthly Irish Employment Monitor.

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TAX RECRUITMENT IN 2011
The last 12 months have been busy for taxation recruitment – both permanent and temporary. Although not back to 2007 levels of hiring, there was strong demand for core compliance and reporting professionals within UK listed businesses as well as demand for VAT, transfer pricing and international tax managers….

SALARIES AND BENEFITS
Many firms have become reluctant to let their best people go. Some professional services firms adjusted salary bandings to allow greater flexibility to keep or attract top talent. Salaries and benefits have not fluctuated significantly since 2010; Morgan McKinley’s survey showed 70% of accounting employers expect salaries to rise …

LOOKING TO THE FUTURE
In a recent survey by Morgan McKinley, most respondents would replace key hires in 2012 and a significant proportion predicted new hires over the next 12 months….

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HIRING TRENDS IN 2011
In 2011 there was a rise in new roles coming onto the market from accountancy practices and boutique firms. The Big Four and top 10 firms recruited into their core service areas, as well as building on the expertise of specialist teams. The financial services, property and public/not-for-profit sectors were particular drivers of growth for the audit, accounting, taxation and advisory services job markets…

TALENT SUPPLY
Demand for professionals outstripped supply in some areas in 2011. For example, the lack of training contracts available in 2008/09 is now affecting the market at the assistant manager level….

SALARY & COMPENSATION TRENDS
A survey carried out by Morgan McKinley in late 2011 showed that around 70% of accounting professionals were expecting only minimal salary increases within their firms (of up to 3%) in the year ahead. …

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London Employment Monitor March 12 Highlights

• Job vacancies across London’s financial services sector fell by 8% from February 12 to March 12
• Compared to the same month last year, this was a decline of 57%
• Job availability from Q4 11 to Q1 12 rose by 4%
• The number of professionals entering the jobs market in March 12 was 18% lower than February 12
• Continuing the pattern of decline in job seeker numbers, this was also 62% lower than March 11
• The time taken to place professionals into new job roles rose by 6 days in March 12 to 67 days
• The average salary for those securing new roles in March 12 was £50,330.

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IT and computing was the career sector with the highest number of job vacancies in March. That’s according to the most recent Recruitment and Employment Confederation (REC)/KPMG Report on Jobs survey, which monitors demand for staff in different UK industry sectors on a monthly basis.

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Recruiters in the IT sector are optimistic about the UK jobs market.

A meeting of technology recruiters in March has revealed that companies are upbeat about the prospects of planning to hire more sales people into IT roles and technology roles within the private sector.

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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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The following people won $100 iTunes cards as spot prizes for attending our March seminars:

Melbourne – Emily Gunn

Sydney – Deb Udy

Auckland – Kirsti Twamley

Wellington – Matt Kekena

Congratulations to all our winners

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