Chamber Patrons
Financial professionals to benefit from salary surge
Financial services professionals in the Midlands are set to enjoy salary growth this year, according to the 2018 Salary Survey conducted by recruitment firm Robert Walters. The Midlands is a popular
location for large banks and financial services firms to base mid and back office functions, offering access to a highly skilled workforce with lower operating costs than would be incurred if based in the capital. As a result, there is a growing
demand for financial services professionals across the region. Habiba Khatoon, associate
director at Robert Walters Birmingham, said: “Large multinational banks and financial services firms have long recognised the benefits of basing certain functions of their business in the Midlands. “While front office functions are
still frequently based in the capital, many mid and back office teams are now based in large shared service centres located around
Midlands benefits: Habiba Khatoon
regional hubs such as Birmingham and Nottingham. “This trend has created steady
demand for financial services professionals in the Midlands, with employers prepared to increase salaries to secure top calibre talent.” According to the Robert Walters
survey, compliance specialists will see the largest salary increases. For those with high-demand
skills, remuneration will increase by eight per cent as employers look to source top talent.
‘Many mid and back office teams are now based in large shared service centres’
Regulatory pressure has also
driven demand for professionals specialising in operational risk, leading to salary growth of nine per cent, while anti-money-laundering specialists can expect salaries to rise by seven per cent. Habiba added: “The risk of failing
to ensure compliance with financial regulations is one many financial services firms are not willing to take, with the financial impact potentially severe. As a result, employers are prepared to offer generous salaries to attract and retain highly skilled compliance specialists.”
Designers, Manufacturers and Suppliers of Quality Height Safety and Rescue Equipment, Training and Consultancy.
n Full Body Harnesses n Lanyards & Connectors n Confined Space Working n Rescue from Height n Retractable Type Fall Arresters n Fall Arrest/Restraint Systems n Anchorages n Belts n Devices n Ropes n Training
Consortium to tackle digital skills gap
Chamber patrons Aston University, Birmingham City University and the University of Birmingham are part of a consortium that will receive £20m to tackle the UK’s digital skills gap. The next generation of digital specialists will be created through the new Institute of Coding, a consortium of more than 60 universities, businesses and industry experts. The three Birmingham
universities are among 25 Higher Education institutions involved in the project, which is being led by the University of Bath. Speaking at the World Economic
Forum 2018 in Davos, Prime Minister Theresa May said the Institute of Coding, a key part of the Government’s efforts to drive up digital skills through the Industrial Strategy, will equip people of all ages with the skills they need. Launched as part of the
Industrial Strategy, the pilot programmes, located in Leeds, Devon and Somerset, Lincolnshire, Stoke-on-Trent and the West Midlands, will test how to reach out and support people with the cost of retraining.
WWW.PPSAFETY.CO.UK
March 2018 CHAMBERLINK 31
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76
