28/01/2002
Graduates face increasing competition for jobs
A new survey shows that graduates leaving UK universities this year face increasing competition in the job market with fewer job vacancies available, especially in London and the East Midlands.
However, the figures also reveal that for those lucky enough to secure employment, starting salaries have risen by 3 per cent from the same period in 2000.
According to the Career Services Unit (CSU) the average starting salary for a UK graduate now stands at £18,021, with the highest paid positions in the management consultancy, IT and human resource sectors.
Scotland and Wales also performed well, reporting a regional increase in available jobs of 14 per cent and 16.4 per cent respectively. Graduates in Scotland can also look forward to healthy pay packets, having the highest regional average starting salary of £19,461.
The news isn’t so good for other of industry though, with statistics showing falling salaries in the IT sector, along with finance and retailing. Hardest hit was media, publishing and performing arts, where cost-cutting strategies have already seen companies laying off staff, reducing the number of vacancies on offer by more than 50 per cent.
CSU chief executive Mike Hill said: “Clearly this unemployment figure will increase in the short term and graduates with relevant work experience who can demonstrate initiative and, of course, achieve good grades, will have the edge when it comes to job applications.” (CL)
However, the figures also reveal that for those lucky enough to secure employment, starting salaries have risen by 3 per cent from the same period in 2000.
According to the Career Services Unit (CSU) the average starting salary for a UK graduate now stands at £18,021, with the highest paid positions in the management consultancy, IT and human resource sectors.
Scotland and Wales also performed well, reporting a regional increase in available jobs of 14 per cent and 16.4 per cent respectively. Graduates in Scotland can also look forward to healthy pay packets, having the highest regional average starting salary of £19,461.
The news isn’t so good for other of industry though, with statistics showing falling salaries in the IT sector, along with finance and retailing. Hardest hit was media, publishing and performing arts, where cost-cutting strategies have already seen companies laying off staff, reducing the number of vacancies on offer by more than 50 per cent.
CSU chief executive Mike Hill said: “Clearly this unemployment figure will increase in the short term and graduates with relevant work experience who can demonstrate initiative and, of course, achieve good grades, will have the edge when it comes to job applications.” (CL)
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11 October 2001
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
Motorola cuts a further 7,000 jobs
Mobile phone maker Motorola is set to axe a further 7,000 jobs worldwide bringing the company’s total job cuts to 39,000 since the start of the year. Motorola chief Robert Growney revealed that around 4,000 of the latest losses were associated with sold businesses, with a further 3,000 earmarked for loss through cuts and attrition.
05 April 2002
Prudential pay increase comes in for criticism
UK insurer Prudential has come under attack after it emerged that its board awarded itself a 44 per cent pay rise in 2001, while most of the company's staff got less than four per cent.
Prudential pay increase comes in for criticism
UK insurer Prudential has come under attack after it emerged that its board awarded itself a 44 per cent pay rise in 2001, while most of the company's staff got less than four per cent.
17 April 2002
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
Economy has made impressive improvements says Trimble
Northern Ireland First Minister David Trimble has delivered the Annual Lecture to the Institute of Directors in London. Reviewing the prospects for the local economy in the province Mr Trimble delivered an up-beat assessment of Northern Ireland’s political prospects.
15 March 2002
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
London still most expensive city for office space
London remains the world's most expensive city to rent office space, with average annual occupancy costs of around £1,072 per square metre. International property consultants Healey & Baker looked at 45 countries around the world, analysing the total costs of occupying office space in 100 locations.
16 April 2002
Debenhams plan 1,000 new jobs as profits grow
Leading high street retail chain, Debenhams have released plans to create 1,000 new jobs after revealing a 14 per cent rise in profits.
Debenhams plan 1,000 new jobs as profits grow
Leading high street retail chain, Debenhams have released plans to create 1,000 new jobs after revealing a 14 per cent rise in profits.
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Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
