Recruitment and Employment Confedation (REC)
A senior spokesperson from the Recruitment and Employment
Confedation (REC) has predicted that heavier regulation of the
financial services will create opportunities for recruiters who can
meet new, "more demanding" standards.
Speaking at the launch of the REC's accounting and financial
services group, Bill Haynes, chairman of the new branch, told
figures from finance and sales recruitment that their sector had seen a
"huge amount of change".
Haynes warned that the government's relatively light touch on
the industry was going to change, demanding "more discipline, more
rigour and more scrutiny". Although this will make the work of
recruitment agencies and graduate recruitment companies "more
demanding", Haynes also said that this will lead to extra
opportunities for high-quality recruiters.
Haynes speech was complemented by that of Martin Tuckwell, a
former City financial regulator. Tuckwell said that new regulation
will make the work of recruiters even more important.
"The regulator needs to ensure that high standards in terms of
qualifications, candidates and ethics are met." he said. "The
regulator needs to ensure that high standards in terms of
qualification, candidates and ethics are met"
"You role in driving those standards, and finding the right
person for the right job, has never been more in demand."
Tuckwell also described several implications for recruiters that
increased regulation from the Financial Services Authority might
have on their work. As well as a smaller pool of senior talent,
unequipped or unwilling to meet new demands for qualifications, he
expected increased demand for compliance staff and a reduced demand
for independent financial advisers.
Tuckwell also said that he predicted financial companies to
increase the number of sales jobs they had to offer, as they
reintroduced large-scale sales staff forces to moveremuneration
away from commission and return to payment for advice.
Share and Connect
What are these?
|
Follow on Twitter |
 |
Link to us |
 |
Read our Blogg |
 |
Connect with us |
 |