Google search, payroll fraud and financial adviser recruitment

September 25th, 2019 | Industry News

As 23 European job search sites write to the European Competition Commissioner complaining that Google’s online recruitment tool is ‘a lever to dominate yet another online industry’ other online recruiters are adjusting their web-based recruitment software to cope with the new Google offering. The complaint is that Google’s job adverts appear above the websites of other search companies and, the signatories claim, on mobiles, the Google Jobs box fills the entire screen, reducing click-throughs to other competitor sites. Google disputes all the claims.

Fighting fraud with online recruitment software

Recruitment software should have the capacity to help recruitment consultancies protect themselves against fraud and the best recruitment software for agencies is robust enough to recognise patterns that could indicate fraudulent behaviour. A recent case in Cheshire where two men pled guilty to multiple fraud offences totalling nearly £250,000 revealed that the men had registered fake temporary employees, using stolen IDs and then submitting timesheets to claim wages. Over 21 companies in the UK have fallen for the scam because their recruiting software failed to recognise patterns of wage claiming that were unrelated to actual placement of temps.

Finding IFAs through recruitment software UK

A crisis in the financial advice industry has been highlighted in a recent industry blog. The claim is that as many mature financial advisers will be leaving the industry in the next decade, there is little evidence that the recruitment gap can easily be filled. Recruiting ‘second careerists’ and encouraging women to return to work after a career break are two of the posited solutions, but one – recruiting younger advisers – is seen as problematic. Several companies have expressed concern that putting a financial adviser in his or her early twenties in front of a client base that is generally in its fifties or sixties can lead to a loss of confidence in the quality of advice being offered. Obviously it’s a generalisation – but there is some anecdotal evidence that suggests the concern is valid. Recruitment database software that can help identify second careerists who might be a natural match for the finance industry is invaluable in such situations. Given that a recent study suggested that only 48% of Independent Financial Advisers would recommend their career to others, it’s obvious that the sector has more work to do to become an attractive graduate proposition – and that making its graduate recruits an attractive proposition to the customer base is also going to take quite a bit of work!