Mar 28th 2012

Barclays Job creation Survey 2012

Two thirds of telecoms companies will create new jobs – most will be for skilled workers and middle management

The UK telecoms sector is upbeat about its plans to create new jobs with 63 per cent of businesses stating that they plan to do so this year compared to a national average of 58 per cent, according to the Barclays Job Creation Survey 2012. Of those, all expected to create jobs for skilled workers and middle management, while 40 per cent also expected to open positions in senior management. A quarter of respondents (26 per cent) also expected entry level jobs to be created. When asked whether job creation would generate sales, or sales growth would lead to job creation, 77 per cent of telecoms companies said growth would need to come first.

The research, in which 670 executives at UK businesses were surveyed, also revealed that 69 per cent of telecoms companies felt that private sector job creation would not compensate for public sector job losses. Only half of respondents stated that they would be interested in employing ex-public sector workers, while 42 per cent said they would not consider this group for roles. This is despite the fact that 54 per cent of telecoms companies said they felt that ex-public sector workers would be well-equipped to take up a position in their business.

“We’ve seen significant M&A activity in the telecoms industry over the last few years and our Job Creation Survey reflects the general optimism in the sector and the opportunities in the UK,” said Sean Duffy, Head of Industry, Technology, Media and Telecoms Team at Barclays. “Telecoms companies though, more than others, remain sceptical about the ability of public sector workers to enter the private sector.  Perhaps this is because most jobs being created will be for skilled and mid-level workers, and companies will be looking for experienced staff who already work in their sector.  Whatever the reason, the telecoms sector needs to tackle this mistrust if we are to have a fluid employment market where people can move easily between public and private sector roles.”

Other key findings:

–        93 per cent of telecoms companies felt that the Government’s efforts to remove barriers to job creation had no impact.

–        15 per cent of telecoms companies are much more confident about their ability to create new jobs compared to a year ago; 11 per cent are somewhat more confident.

 

ends

 

Notes to Editors:

For more information please contact:

or Kathryn Mills-Webb at Babel PR for Barclays Corporate

(T) 020 7434 5550

[email protected]

www.babelpr.com

 

About Barclays

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.