The Job Market ReportBanking, Finance & Fintech8 September 2016Mark Rhodes, Marketing Director

Brexit:What happened

next?The UK

job marketRecruitment: a customer experience

@reedcouk

1960

1995

Britain’s favourite recruiter.

Today

AgendaImpact of Brexit The job market What top talent really wants

BREXIT:WHAT HAPPENED NEXT?

of companies not freezing recruitment

83%

In the ten weeks following the referendum…

509,705Jobs posted to

reed.co.uk

increasein jobs postedyear-on-year 8%

Banking-23%

fewer jobs posted in Banking

*Performance in the 10 weeks post-referendum vs. same period in 2015

Financial Services

-5% fewer jobs posted in Financial Services

*Performance in the 10 weeks post-referendum vs. same period in 2015

General Insurance

-1% fewer jobs posted in General Insurance

*Performance in the 10 weeks post-referendum vs. same period in 2015

Accountancy+13%

fewer jobs posted in Accountancy

*Performance in the 10 weeks post-referendum vs. same period in 2015

Beware the warning signs

Banking, Finance

& Fintech

THE UK JOBS MARKET

Banking & Finance jobs advertised

Source: Innovantage

Reed Jobs Index: Jobs posted, 2010 – present

Reed Jobs Index: Jobs posted, 2010 – present

Reed Jobs Index: Jobs posted, 2010 – present

Reed Jobs Index: Jobs posted, 2010 – present

UBS Bank Management Survey

“Of 61 ‘big banks’, 38% already have a Fintech partnership, a level that looks likely to rise to 51% over the next year.”

Google searches: “Fintech Jobs”

27

Candidate supply:Average applications per job

Banking Financial Services

Accountancy (Q)

Accountancy

Insurance

13 11

10 23

All-sector

22

Banking & Finance:Expected salary vs. industry offerings

First time in 5 years that expected salary outstrips the salary offered by clients.

Over five years, offered salaries have decreased ~1%...

Expected salaries have increased 27%.

Attracting talentRecruitment: a customer experience

A recruiment experience perceived by an applicant as ‘poor’

3 out of 5candidates are left with a negative

view of your employer brand

Won’t apply for future vacancies

Less likely to use an organisation's products or services again

Will share negative experience with friends and family

25%

30%

26%

expect confirmation of application

expect confirmation within 24 hours

only91%

70%

14%always receive confirmation

15%hardly ever or neverreceive confirmation

expect to be informed of an unsuccessful application81%

NO CONTACTin 5 days in 14 days

assume they’ve been unsuccessful26% 90%

week 1 week 2 week 3 week 4application

78%expect to be at

interview within a fortnight

All-sector average

week 1 week 2 week 3 week 4application

85%expect to be at

interview within a fortnight

Banking & Finance

£29,145

Graduate starting salaries

Banking & Finance

All-sector average

£26,546

Changing how we target graduate talent

Changing how we target graduate talent

Removing academic qualifiers

Blind CVs

Flexible interviewi

ngOne-day assessme

nts

Thank you@reedcouk

0845 241 9293reed.co.uk/recruiter