Skilled Workforce

The availability of a large, highly skilled workforce in Glasgow is a major attraction for employers which is why more and more companies are choosing to relocate to the financial district in Glasgow.

Glasgow's superb transport networks allow employers in the IFSD to draw on a huge labour pool with 1.5 million people in the city's travel to work area.

Glasgow builds on a strong heritage in financial services with some of the city's major insurance companies for example having a presence in the city for over 100 years.

Latest estimates show that over 30,000 people work in the financial services sector in Glasgow. That's an impressive one in 13 of the city's entire workforce.

It's very much a case of quantity and quality.

Qualified Staff

Financial sector staff are better qualified in Scotland than the rest of the UK, with a higher proportion gaining post-secondary education.

Almost half (46%) of all Glaswegians in employment are educated to degree level, making the city's workforce one of the best qualified in the UK. The city also offers excellent levels of multi-lingual ability.

Staff retention is good, according to 73% of employers who responded recently to an independent survey - with Glasgow companies developing new initiatives to further reduce staff turnover and keep costs down.

Competitive Salaries

Salaries in financial services in Scotland are highly competitive. Indeed, overheads generally are 32% lower than in London for a comparable business.

Glasgow is especially well placed in relation to recent exponential gwowth in the Fintech sector with proportionately high IT professional employment in the financial sector. This is underlined by JP Morgan which established its European Technology Centre in the IFSD in 2001, to develop complex financial software for application across its operation.

Initial plans to recruit a total of 300 have expanded consistently to the point where the company now employs well over 1,000 mainly graduate level IT professionals at its IFSD base.

Glasgow's workforce is highly rated by companies already located in the city, many of whom comment favourably on a 'can do' attitude in the workplace, accompanied by the traditional Glaswegian reputation for warmth, humour and friendliness.

Future Skills Development

The public sector, led by Scottish Enterprise and Glasgow City Council, works continuously and closely in partnership with universities, colleges, schools, Skills Development Scotland and a host of professional trade bodies to deliver a well qualified, experienced talent pieline for financial and business services companies.

Further Information

If you have any queries or would like more information on the range of support available to financial services companies in Glasgow, then contact ifsd.enquiries@scotent.co.uk

THEY SAID IT …

"We were keen to identify a location that would offer us the ability to recruit additional teams of high calibre contact centre personnel as well as give us the opportunity for further expansion. Glasgow, with its vibrant financial services district, is well suited for our needs."

Simon Rubin, Managing Director, First Data UK

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