![Page 1: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/1.jpg)
The Job Market ReportBanking, Finance & Fintech8 September 2016Mark Rhodes, Marketing Director
Brexit:What happened
next?The UK
job marketRecruitment: a customer experience
@reedcouk
![Page 2: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/2.jpg)
1960
![Page 3: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/3.jpg)
1995
![Page 4: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/4.jpg)
Britain’s favourite recruiter.
Today
![Page 5: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/5.jpg)
AgendaImpact of Brexit The job market What top talent really wants
BREXIT:WHAT HAPPENED NEXT?
![Page 6: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/6.jpg)
of companies not freezing recruitment
83%
![Page 7: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/7.jpg)
In the ten weeks following the referendum…
![Page 8: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/8.jpg)
509,705Jobs posted to
reed.co.uk
![Page 9: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/9.jpg)
increasein jobs postedyear-on-year 8%
![Page 10: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/10.jpg)
Banking-23%
fewer jobs posted in Banking
*Performance in the 10 weeks post-referendum vs. same period in 2015
![Page 11: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/11.jpg)
Financial Services
-5% fewer jobs posted in Financial Services
*Performance in the 10 weeks post-referendum vs. same period in 2015
![Page 12: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/12.jpg)
General Insurance
-1% fewer jobs posted in General Insurance
*Performance in the 10 weeks post-referendum vs. same period in 2015
![Page 13: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/13.jpg)
Accountancy+13%
fewer jobs posted in Accountancy
*Performance in the 10 weeks post-referendum vs. same period in 2015
![Page 14: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/14.jpg)
Beware the warning signs
![Page 15: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/15.jpg)
Banking, Finance
& Fintech
THE UK JOBS MARKET
![Page 16: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/16.jpg)
Banking & Finance jobs advertised
Source: Innovantage
![Page 17: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/17.jpg)
Reed Jobs Index: Jobs posted, 2010 – present
![Page 18: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/18.jpg)
Reed Jobs Index: Jobs posted, 2010 – present
![Page 19: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/19.jpg)
Reed Jobs Index: Jobs posted, 2010 – present
![Page 20: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/20.jpg)
Reed Jobs Index: Jobs posted, 2010 – present
![Page 21: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/21.jpg)
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”
![Page 22: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/22.jpg)
27
Candidate supply:Average applications per job
Banking Financial Services
Accountancy (Q)
Accountancy
Insurance
13 11
10 23
All-sector
22
![Page 23: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/23.jpg)
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%.
![Page 24: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/24.jpg)
Attracting talentRecruitment: a customer experience
![Page 25: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/25.jpg)
A recruiment experience perceived by an applicant as ‘poor’
3 out of 5candidates are left with a negative
view of your employer brand
![Page 26: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/26.jpg)
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%
![Page 27: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/27.jpg)
expect confirmation of application
expect confirmation within 24 hours
only91%
70%
14%always receive confirmation
15%hardly ever or neverreceive confirmation
![Page 28: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/28.jpg)
expect to be informed of an unsuccessful application81%
![Page 29: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/29.jpg)
NO CONTACTin 5 days in 14 days
assume they’ve been unsuccessful26% 90%
![Page 30: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/30.jpg)
week 1 week 2 week 3 week 4application
78%expect to be at
interview within a fortnight
All-sector average
![Page 31: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/31.jpg)
week 1 week 2 week 3 week 4application
85%expect to be at
interview within a fortnight
Banking & Finance
![Page 32: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/32.jpg)
![Page 33: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/33.jpg)
£29,145
Graduate starting salaries
Banking & Finance
All-sector average
£26,546
![Page 34: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/34.jpg)
Changing how we target graduate talent
![Page 35: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/35.jpg)
Changing how we target graduate talent
Removing academic qualifiers
Blind CVs
Flexible interviewi
ngOne-day assessme
nts
![Page 36: The Job Market Report: Banking, Finance & Fintech](https://reader035.vdocuments.net/reader035/viewer/2022062902/58ee3e7e1a28ab93288b46bb/html5/thumbnails/36.jpg)
Thank you@reedcouk
0845 241 9293reed.co.uk/recruiter