Finance sector – How can you get the best staff?

get the best staffA new study has revealed the extent of unemployment across the country. The problem is so severe in some parts of the country that up to 80 candidates are said to chase every vacancy.

The review by recruitment site Adzuna found 73 claimants apply for every job in Stoke-on-Trent, compared to the 80 applicants in Hull. The five worst cities have remained in the bottom five spot for the second year in a row, with Hull taking the worst spot for the second year running. In contrast, Reading, Cambridge, London and Milton Keynes were among the best cities to find a job – suggesting the North-South divide in employment continues unabated – with fewer than two claimants per vacancy.

It seems no industry is immune from the slowdown in recruiting. Even the financial sector, including accountancy and financial advisers, has seen a reduction in vacancies. The review found that the best cities to find jobs in finance include Edinburgh, Glasgow and London, with Cambridge, Southampton and Luton ranking the lowest.

Charlotte Gallagher, manager director of P3 People Management, Manchester’s leading HR consultancy, says: “There has never been a greater time to ensure companies in finance, which sadly have not been immune to the economic downturn, are getting the very best from their recruitment process.

A company’s success is highly dependent upon the people working within it – your staff have the opportunity to make a positive or negative impact on your business – so it is important you recruit the right people. Getting the selection process wrong carries considerable losses in terms of recruitment costs, lost sales, missed deadlines and lower staff morale. Businesses need to match the dynamics of your company, the career opportunity and the candidate, giving you the opportunity to do more than just fill a position.”

With so many people applying for every job, consultants at P3 People Management can ensure you get the right person for the job. Charlotte adds: “We will help you seek out the very best, using personality profiling and other fail-safe techniques. We can also help you draft a tailored job description.”

For all your recruitment HR needs contact P3 People Management on 0161 941 2426 or visit www.p3pm.co.uk