Finance offers fewer jobs
Friday 2nd July 2010, 3:00PM BST.
Martin de Forest Brown
IT is getting increasingly difficult for school leavers to find a job in finance, new figures show.
And the Island’s financial services workforce would appear to be among the most highly qualified anywhere, according to the results of the survey of financial institutions released earlier this week by the States Statistics Unit.
The number of school leavers taken on by the finance industry nearly halved last year in comparison to 2008.
Only 70 youngsters who left school last year found work in the Island’s biggest industry, compared to 150 in 2008.
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exactly why we need a proper immigration policy and enforced work permits .
jersey must be one of the last places on earth where you can just turn up get a job , and if you can afford the rent stay.
most places require a visa and a work permit.
lets give some kind of hope to our young localy born, other than minimum wage , dead end jobs.
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Excuse me 70 compared to 150. That is not nearly halved, it’s more than halved!
Hope the finance industry can work out stats better
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Jersey does have the highest qualified finance staff in the world and we are also by far the most highly regulated. We are also the most expensive and least competitive. Perhaps it is time our politicians asked the JFSC form whose interest they operate, Jersey or our already overpaid civil servants who have taken second jobs with various international bodies. Our financial services industry is being strangled by over zealous regulation enforced by a bullying and unaccountable JFSC.
Where are our progressive politicians?
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‘Where are our progressive politicians?’
Which progressive politicians are they?
The choice is between the old guard establishment that will never change anything and the liberal left that are not trusted with power.
Jersey’s much trumpeted strength of stable government is also a weakness, we cannot change and adapt.
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Very True Sanity. Too many islanders criticise the finance industry, but it is the back bone of the island. It may not have always been, but it is now, and the chances of tourism and agriculture returning are nil. The people who one supported those industries must now get behind the finance industry.
Over regulation will kill this industry, and outsiders have been trying this for years. Mainland financial regulation is looser than Jersey’s. Relax IT NOW!
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David Brown: I work in the finance industry and the finance businesses only turn to foreigners when there are no available local staff to take up the role. After all, it’s a lot cheaper to employ a local. The fact of the matter is that quite a large proportion of Jersey school leavers actually don’t want to work in finance.
And may I just add that these numbers are most likely caused by the recession which has hit Jersey’s finance industry. Quite a lot of businesses are cutting down on staff it would appear, so I think your point about immigration is not necessarily valid.
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Wow so there are less jobs in finance. Maybe our school leavers can finally be told there are other jobs in the world. For too long have there been no other options presented to them. There is life outside that particular very boring box!
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Things must be getting pretty bad in jersey.
A few days ago I was served in a bar by someone who had a Jersey accent, and yesterday I was serve by a shop assistant with a Jersey accent!
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sanity(3) i thought if you were working for the states , you were not allowed to moonlight.
or does that only apply to blue collar states employees?
jersey boy(6) glad to here it, we are over populated, where will your children work and live?
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What do you say to a Jersey banker?
I would like fries and a Coke to go with the burger!
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