UK
Sector: HR & Recruitment
Is it really true that recruitment won’t recover until 2013?
How bad is it out there? Very, according to various analyst reports on the state of the banking industry. Nor will it get better soon. Last week, analysts at Bernstein Research issued a note on Goldman Sachs and Morgan Stanley suggesting that the revenue recovery they’d predicted for 2012 won’t happen until 2013. Analysts at [...]
GUEST COMMENT: I hate it when recruiters cold call pretending to have great jobs and then milk you for information
I hate cold calls from recruiters. My most recent experience went like this (names changed). Me: “X Bank, Joe speaking. How can I help you?” Recruiter: “Is Peter there please?” Me: “Sorry, there’s no such person. Perhaps I can help?” R: “Actually I’m a recruiter and you’re also on my list of contacts Joe. What’s [...]
Recruiters in Singapore have to take an exam. Should the same happen in the UK?
If you wish to work as a recruitment professional in Singapore, it is now necessary to take an examination first. Our Singaporean site touched upon this subject this week, with a blog from an anonymous recruiter bemoaning the tedium of the classes leading up to the exam. Spending five days studying competition law, immigration law [...]
GUEST COMMENT: I am now prepared to buy the services of a headhunter
Have you ever thought of buying the services of a headhunter to work on your behalf? As my job search has become increasingly laborious, I’ve been thinking a lot about the virtues of engaging my own personal headhunter. If a company can mandate a search firm to find the right candidate, why can’t a candidate [...]
You need to start seriously grooming your recruiter relationships. Here is how
If you don’t do this now, you could regret it later. September is a comparatively quiet time of the year for headhunters and recruiters. They are milling around quietly, gently schmoozing clients and surfing the internet. In a few months they will be frantically fighting for jobs to fill in 2012 whilst fending off waves [...]
Are City recruitment firms thinking about redundancies?
It is, perhaps, early days to be suggesting this, but with most investment banks making redundancies, are recruitment firms servicing the City also likely to reduce headcount? Certainly, the precedent is there. During the height of the financial crisis, large financial services contingency recruiters were quick to make redundancies and in some instances staff numbers [...]
Recruiter Q&A: If banks are still hiring for these support functions, there’s no need to panic
Rather obviously, the financial services recruitment market has taken a turn for the worse over the last month. Most banks have rolled out redundancy programmes and those that haven’t are either freezing or keeping a very close eye on hiring. Most reports have focused on the potential cuts to front office functions within investment banking, [...]
Why the RBS pay leak should fire a warning shot for all recruiters
At best, news that Hays’ leaked contractor pay rates at RBS is an embarrassing gaffe, in a worst case scenario it could cause both long-term reputational harm and see a damaging loss of business. Either way, it highlights the thorny issue of how recruiters need to ensure their data is adequately protected in the event [...]
Michael Page provides a very detailed account of its business model
As we have said, Michael Page revealed its results this week and its share price promptly plunged. Aside from the precipitous reduction in the value of the company, there were other things of note at the time of Michael Page’s revelations. Included in its results was some detailed stuff on how the business of recruitment [...]
Banks be warned: more people will challenge redundancy selection
Despite the fact that a lot of banks are making deepish cuts, being selected for redundancy is never nice. If your severance package is good enough, you may accept the decision with good grace. If it’s not, you need to make sure you were chosen fairly. Employment lawyers are already anticipating a new raft of [...]
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