Finance bosses point to first quarter of 2014 for jobs boost

NEW FINANCE and business services positions are set to dominate job creation during the first quarter of 2014, with huge compensation on offer for the most demanded skills.

Across all sectors, five per cent more firms expect to hire than to shed workers, but financial services are more confident, as 11 per cent more say that they will be raising employment levels.

Manpower’s latest review of the UK’s jobs market, released today, shows that some jobs skills are in strong demand. Some data and security experts at financial and business services are commanding a daily salary of £1,000.

The report also marks the first time that employment expectations in six years that firms in every UK region are expecting to increase hiring in the quarter ahead. Intentions for hiring across the rest of the UK’s regions are now outpacing London.

“That doesn’t mean London has a bad outlook – the capital has outperformed the country for four quarters so there’s still a positive outlook,” said Manpower managing director Mark Cahill.

James Hick added that recent media pressure on utilities companies may have driven particularly strong employment intentions for the sector: “They’ve come under a lot of criticism, and plan on recruiting thousands of people in the first quarter, acting to deal with switching and improve customer service.”

The results mirror a report released by KPMG and the Recruitment and Employment Confederation yesterday, which showed vacancies rising at the fastest pace in 15 years.