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United Kingdom: Financial and Business Services Hiring Surges; Driven by Thriving Cyber Security Sector

This year began with UK employers more optimistic than the previous year, per the survey results from the first quarter 2016 Manpower Employment Outlook Survey (MEOS). The national seasonally adjusted Net Employment Outlook jumped two percentage points to +7%. Due in part to companies plans to increase hiring in the fourth quarter of 2015 carrying these plans over into...

UAE: Hiring Competitive and Optimistic for Banking and Finance Sector

In March of this year, online postings for job vacancies in the banking and finance industry rose by 38% year-over-year in the United Arab Emirates. A recent study suggests that highly qualified finance workers are now finding themselves in control of the recruitment process as the demand for talent exceeds the number of available workers with adequate skills. Recruiting...

Canada: Unemployment on the Rise Due to Retail Job Cuts

The hiring market outlook is more positive in North America, than in South or Central America, for the first time since the economic downturn nearly a decade ago. Impacting both resource planning and cost allocation, in conjunction with ACA and Health Exchange markets, are an increasing number of markets initiating localized minimum wage regulations across the United States. There...

Malaysia: Finance Industry Ramps-Up Attraction and Retention Efforts for Key Financial Positions Amid Aims for Growth

The financial sector is an integral component of the Malaysian economy, and key governmental and regulatory agencies have an eye to expand this important sector in the future. The Financial Services NKEA (National Key Economic Area) is aiming for the financial services industry to contribute RM 180.2 billion to the country’s GNI and create 275,400 new jobs by 2020....

Vietnam: Potential for Growth in Finance and Banking Industry

The primary industry priorities in Vietnam are textiles, shoes and leather, plastics, food and beverage, paper, oil and gas, chemicals, and mining. The finance sector is not as developed in Vietnam. As evidence of this, of Vietnams’ population of 90 million people (as of October 2013), only 20 percent have bank accounts. The banking penetration rate in Vietnam reached...

Switzerland: Increased Demand for Compliance and Risk Specialists in Swiss Finance and Banking

Switzerland boasts a small but productive economically active population. Just over five million individuals are economically active, with approximately 30 percent of that workforce comprised of foreign labor. However, Switzerland’s most qualified workers often work long hours due to the country’s difficulty recruiting qualified labor. Overtime in 2013 corresponded to 105,000 full-time equivalent positions. Increasing qualifications are only making...

India: Significant Opportunity for Qualified Accountants

India continues to work with a significant understaffing when it comes to chartered accountants. India’s 225,000 chartered accountants (compared to 335,000 CPAs in the United Kingdom – a country 20X smaller than India) is dwarfed by its overall population and is nowhere near the number needed to help India continue to grow into a global economic power. In December 2013...