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Job Search – Have you got the I.T. factor?

Latest figures show that the numbers of people employed in the UK are the highest since records began.  Forecasts, both short and long-term, show that the total is expected to remain on an upward curve, with the rate of unemployment quite stable at around 6%.  Freelancing and other forms of self-employment are also rising fast. So there is plenty of work out there, especially for people with the requisite skills, experience and qualifications.

Although some view this as unhealthy, London remains the powerhouse of the UK economy as evidenced by a recent report which found that the capital had ten times the number of job vacancies than other major UK cities. Job creation in London in recent years has been extremely positive, both in the public and private sectors and the expectation is that this will continue.  The situation nationally is patchier, with some regions seeing net job losses in both sectors. So London remains the place to be.

Hiring is currently buoyant within IT, in the Financial Services sector for example. One reason is the renewed confidence as the economic outlook is becoming more positive. An increase in data and software development projects has led to consistent demand for suitably qualified professionals. And of course, change is a constant feature of the IT industry; nothing stays the same for very long.

Job hunting can be hard work - use an online tool!

Job hunting can be hard work – use an online tool!

A CV is of course a vitally important tool for anyone applying for jobs, especially in IT. Effectively, it is your marketing brochure. It needs to be a comprehensive, sharp but concise and professional document.  Preparing a CV will also often help a candidate to identify gaps in their qualifications, gaps which they can set about filling.  Prospective employers will be impressed if they see you are adding to your qualifications.

Not surprisingly, given the nature of IT work, the most common method of job hunting in this sector is to use the internet, and in particular to apply for positions via online websites, such as YourJobList.com. This can be extremely useful in providing a one-stop solution to job searching and it also often contains helpful blogs dealing with numerous practical issues, for example how to handle gaps in your CV.

One important benefit to be found on YourJobList.com is that all the major recruitment agencies are listed in one convenient place and you can add more that are relevant to your circumstances. This is especially useful in the modern market as fewer and fewer companies advertise jobs directly.

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U.K. Finance Industry To Cut 43,000 Jobs As Grads Shun Sector

The U.K.’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry, as companies shrink and reduce costs.

Banks, insurers, asset managers and other finance firms probably cut 25,000 positions in the last three months of 2012 and may eliminate 18,000 jobs in the first quarter of this year, according to a study by Britain’s biggest business lobby group and PriceWaterhouseCoopers, published Monday.

Global cuts at financial firms have exceeded 115,000 since 2012 as they seek to control compensation expenses and retreat from capital-intensive businesses, according to data compiled by Bloomberg.

The cuts in the U.K. industry will mean about 132,000 financial-services jobs have been lost since the peak in the final quarter of 2008, when it employed about 1 million people, the CBI said.

In addition to firings, bankers have been retiring earlier and younger would-be recruits are shunning finance for less-tainted industries, said Burrowes.

For young professionals, ‘it’s not an attractive place to go’, he said. Banking and capital markets at his firm, PwC, ‘is not a sector they’re attracted to any longer’, Kevin Burrowes, U.K. financial-services leader at PwC,  said. ‘It used to be our most popular sector’.

Check out the original article over at Bloomberg.