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Business, Administration and Finance

The Job Market

The Job Market.jpg

Administration

  • Almost 5 million people work in business and administration. 
  • Around 32 per cent of employers report difficulty in recruiting skilled business and administration staff.
  • The growth areas are in specialist areas of administration such as payroll.
  • An increasing number of experienced secretaries become virtual assistants (VAs), working from home as freelance administrators.
  • There's lots of competition for administration jobs in some areas - for example, the arts and entertainment industries.
  • Opportunities are good currently for personal assistants - who are usually highly skilled. For some PAs with foreign language skills, there may be opportunities to work overseas or in the UK as a bilingual PA.

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Business

  • Almost 5 million people work in business and administration. 
  • Around 32 per cent of employers report difficulty in recruiting skilled business and administration staff.
  • According to the Management Consultancies Association (MCA), the UK business/management consulting market is the largest in Europe, worth about £8 billion.
  • A lot of us are employed as managers. It is estimated that nearly 15 per cent of the working population in the UK (approximately four and a half million people) have managerial responsibilities!
  • Some people start their own businesses straight from school or college but most spend time working for an employer before setting up on their own. This experience can provide valuable training and contacts that will be helpful later on, plus it can be difficult to get the initial finance in place without a really convincing business plan.

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Finance

  • 1.2 million people work in financial services in the UK. 
  • Many financial jobs are based in Leeds - which is a centre for banking, general insurance and credit services.
  • This sector has been hit badly by the current economic downturn but predictions are for financial services to stabilise as these services are central and essential to our economy.
  • The financial services sector is the UK's most global industry - this means there are growing opportunities to travel and work abroad in this industry.
  • Most people start in the industry with level 3 and/or level 4 (Degree level) qualifications.
  • Many queries and sales in banking, credit and insurance are increasingly being dealt with by large call centres - affecting the number of staff meeting customers face-to-face and the need for lots of small local branches. 

Do you want to find out more about the general job market in Barnsley?