ProServ PR

This Financial Times article uses an analysis of market data from our client, Source Global Research. The analysis shows that globally, the number of professional services deals involving private equity groups has grown steadily since 2013 - https://t.co/AtEqDWfFDa

Insurgents take on the scandal-hit Big Four Deloitte, EY, KPMG and PwC face losing star performers and lucrative divisions to smaller rivals

Following an Ian King Live interview on Sky News and lots of UK tech coverage, the Harvey Nash Group Digital Leadership Report was featured in The Times. This piece was also featured on page 40 of the print edition. https://t.co/DafIu7Zyxe

UK technology’s advance is held back by skill shortages Skills shortages are placing the growth of the UK’s technology sector under threat, according to a long-running survey of bosses in the industry.Companies are e

The UK consulting sector is set to grow by 11.5% to £12.1bn in 2021 says Source Global Research in today's FT - https://www.ft.com/content/2bb6e574-cd21-48fb-8660-7b93e4bf489b

Deloitte partner pay touches £1m as Big Four profits rebound Firms benefit from companies seeking advice on digitising businesses and bolstering supply chains

Laura Morroll at BearingPoint provides her view on whether formalwear will be scaled down across UK retail in this Retail Gazette feature -
https://www.retailgazette.co.uk/blog/2021/09/should-retailers-scale-down-on-formalwear-as-brits-work-from-home/

Should retailers scale down on formalwear as Brits work from home? - Retail Gazette As M&S announces it will stop selling suits in most of its stores, it correlates with Kantar's data suggesting that annual sales of men’s suiting fell from £469m in 2016 to £159m in the past year to July. Retail Gazette looks at whether retailers should cut down on their formalwear offerings as ...

Bev White from Harvey Nash Group says in The Daily Mail that whilst the end of Furlough could help sectors like hotel & leisure fill vacancies, the technology sector, which is presently experiencing the highest candidate/skills shortages in the UK, is unlikely to see any benefit from the end of the scheme.

She adds: "The pandemic has led to huge investment in online and digital capabilities, which has driven demand for many technology roles including cybersecurity specialists, software developers, and data scientists. In fact, demand for programmers and software developers is now the third highest of all occupations in the UK behind only Nurses and HGV Drivers. People in these technology roles have very specific skills and are not on Furlough. Vacancies in tech, which the ONS reported today have risen by over 200% in the last year, will therefore remain unchanged.”

https://www.dailymail.co.uk/news/article-9988527/Payroll-numbers-return-pre-pandemic-levels-vacancies-hit-record.html

Britain's job vacancies top one MILLION Vacancy numbers soared by 249,000 to more than one million for the first time since records began amid labour shortages in some key UK industries.

This feature appeared in The Times this week quoting Emile Naus, Partner at BearingPoint. Emile says: 'Over the past 30 years, supply chains have increasingly become just-in-time. The result is that we now have a chain of activities, each reliant on others, with limited resilience. This has become very visible recently through a series of independent failures.'

https://www.raconteur.net/supply-chain/why-brexit-shortages-are-forcing-supply-chain-redesigns/?

Why Brexit shortages are forcing supply chain redesigns - Raconteur Covid and Brexit have disrupted supply chains. The smart companies are building visibility into their systems, improving inventory management

In this news article in The i this weekend, Emile Naus of BearingPoint says that there shouldn't be an issue finding presents for Christmas [generally] but there might be issues if you are looking for something specific as there could be a shortage of some items - https://inews.co.uk/news/consumer/lorry-driver-shortage-christmas-shopping-low-stock-price-rises-1145136

Lorry driver shortage poised to hit Christmas with shoppers facing low stock and price rises Shoppers face low stock, long delivery times and price rises as retailers across the country battle to secure drivers for the Christmas period

Cyber skills are already the most scarce in the world, so why have so few cyber professionals received a pay rise? A view from Bev White of Harvey Nash Group in ComputerWeekly.com - https://www.computerweekly.com/opinion/Is-tech-team-remuneration-opening-up-a-new-form-of-cyber-risk

Is tech team remuneration opening up a new form of cyber risk? Failing to reward cyber security staff in line with increases for other members of the tech team could open up new risks to organisations.

Why are cybersecurity pay rises stalling when there is a chronic shortage of cybersecurity talent? This article from Cristina Lago of Tech Monitor investigates in more detail one of the key findings from the Harvey Nash Tech Salary & Hot Skills Report 2021 - https://techmonitor.ai/technology/cybersecurity/cybersecurity-pay-uk-us

Why is cybersecurity pay stagnating despite high demand? - Tech Monitor Despite ongoing high demand for cybersecurity skills, pay for security professionals has stagnated over the past 12 months.

We’ve just launched the Harvey Nash Tech Salary & Hot Skills Report 2021, which includes lots of analysis from different geographies and industry sectors. Interestingly salary rises stalled for cyber professionals despite global demand -
https://www.itproportal.com/news/cybersecurity-experts-are-in-high-demand-but-salaries-have-plateaued/

Cybersecurity experts are in high demand, but salaries have plateaued As automation looms, businesses are rewarding those that bring value and improve agility.

Source Global Research data is quoted in this Financial Times article. This time, their research shows that the market for professional advice on “pure” sustainability issues, such as clean technology and sustainable investing, reached $1bn globally in 2020:
https://www.ft.com/content/b79e4cd4-e288-4083-a976-47f3e89a0209

PwC to boost headcount by 100,000 over five years Big Four audit firm’s $12bn investment targets booming market in ESG advice

This latest Computer Weekly viewpoint from Bev White, CEO of Harvey Nash Group welcomes the APPG's call for evidence on digital skills for the future of work, and provides three key areas that policymakers should address: https://www.computerweekly.com/opinion/Shaping-a-Digital-Strategy-to-support-UK-productivity-and-jobs

Shaping a Digital Strategy to support UK productivity and jobs With an All-Party Parliamentary Group calling for evidence on digital skills, there are three key areas that policymakers should address.

'People are out of love with long commutes and they are willing to sacrifice some salary points for flexibility', says Bev White, CEO of Harvey Nash Group in the Financial Times - https://www.ft.com/content/5a590d48-1037-4fd0-a350-17c8ab21a412

White-collar workers increasingly demand flexibility on conditions UK recruiters say professionals are able to press employers much harder than those in lower-paid jobs

More on the Harvey Nash/KPMG CIO Survey - this time in Forbes - https://www.forbes.com/sites/soorajshah/2020/09/22/businesses-spent-15bn-more-a-week--on-technology-during-pandemickpmg-harvey-nash/

Businesses Spent $15bn More A Week On Technology During Pandemic - KPMG, Harvey Nash The survey, which Harvey Nash and KPMG claim is the largest IT leadership survey in the world, with over 4,200 CIOs and technology leaders taking part across 108 countries.

We’ve just launched the 2020 Harvey Nash/KPMG CIO Survey, which found that companies spent the equivalent of around US$15bn extra a week on technology to enable safe and secure home working during COVID-19. This was one of the biggest surges in technology investment in history – with the world’s IT leaders spending more than their annual budget rise in just three months, as the global crisis hit, and lockdowns began to be enforced.

The Harvey Nash/KPMG CIO Survey is the largest technology leadership survey in the world, with over 4,200 IT leaders responding from organisations with a combined technology spend of over US$250bn.

There is more about the findings and the media launch here - https://proservpr.com/2020/09/22/huge-surge-in-tech-spend-sept-20/

Really pleased with this piece on BBC Business this morning - featuring Harvey Nash Group data and supporting comments from CEO, Bev White. And a big thanks to those people (we worked with) who shared their experiences during lockdown - https://www.bbc.co.uk/news/business-53683463

Stress, burnout and redundancy: Tough times in IT More staff working from home means more work for IT staff, but many face uncertainty over their jobs.

Bev White of Harvey Nash Group discusses the tech skills in demand during Covid-19 in this IT Pro article - https://www.itpro.co.uk/business-strategy/careers-training/356834/bridging-the-coronavirus-skills-gap

Bridging the coronavirus skills gap | IT PRO As employers and employees adjust to the new post-COVID-19 business environment, which tech skills will be in demand?

BBC Radio 4 Today, the BBC’s flagship news and current affairs programme, interviewed our client, Bev White of Harvey Nash Group this morning - in advance of the ONS Labour Market Survey Data being released. Fast forward to 18 minutes 50 seconds to listen - https://www.bbc.co.uk/sounds/play/m000lmdp

Today - 11/08/2020 - BBC Sounds News and current affairs, including Sports Desk, Weather and Thought for the Day.

More on mental health in tech today in . Comments and data from our client -
https://diginomica.com/employee-mental-health-why-covid-19s-lasting-impact-tech-worker-wellbeing-fresh-employer-duty-care

Employee mental health - why COVID-19’s lasting impact on tech worker wellbeing is a fresh employer duty of care Tech sector staff are under mental health pressure that needs to be considered during the return to work.

As thousands of jobs losses were announced, we arranged for Bev White, CEO of Harvey Nash Group to appear on BBC Radio 5 Live. Listen from 1:09.18 into the show to hear her advice on how to land your next job - https://www.bbc.co.uk/sounds/play/m000khtp

5 Live Drive - 01/07/2020 - BBC Sounds A round-up of the day's top news and sport with Anna Foster and Tony Livesey.

Will the Covid-19 crisis accelerate a shift in tech talent out of London? Views from Bev White, CEO of Harvey Nash Group in Computer Weekly - https://bit.ly/2ZeewIZ

Will the Covid-19 crisis accelerate a shift in tech talent out of London? As the coronavirus pandemic has forced firms to work more flexibly, threatening traditional large office spaces in London, will tech talent make a long-term shift away from the capital?

Here's a short summary of what's we've been up to for global technology recruiter, Harvey Nash - https://proservpr.com/2020/06/18/tech-talent-and-covid-19-june-20/

Tech, talent, and Covid-19 – June 20 | ProServ PR Since the start of the UK lockdown we have been positioning global technology recruiter, Harvey Nash as leading commentators on technology/tech talent trends as a result of Covid-19, including responses to hot topics such as the future of the office and virtual working. Just some of the other areas....

Bev White, chief executive of Harvey Nash Group, says in the Sunday Telegraph that the Covid-19 crisis is likely to leave more jobs exposed to automation than previous forecasts suggested - https://www.telegraph.co.uk/business/2020/05/24/covid-19-could-hasten-rise-robots-companies-seek-cut-expensive/

Covid-19 could hasten rise of the robots as companies seek to cut expensive labour costs But experts are split on the long-term impact of Covid on AI, with some warning a lack of capital could damage innovation in the sector

In today’s Financial Times, Fiona Czerniawska, co-founder of our longstanding client, Source Global Research comments on the sudden fall in M&A deals as a result of the Coronavirus pandemic, and with social-distancing measures in place, how consultants should respond.

Fiona says: “The sudden fall in deals is not the prelude to a V-shaped recovery, where the economy suffers a sharp drop followed by an acute rise, but rather to a U-shaped upturn, in which activity picks up more gradually. In part that is because of the constraints imposed by social-distancing measures.

It is much harder to build trust remotely. In a lockdown it becomes much harder to go beyond the people that you know already. Consultants need to demonstrate that they don’t just bring advice but that they have been involved in developing results in the past.”

https://www.ft.com/content/c7cb0a0e-77f0-11ea-bd25-7fd923850377

Coronavirus creates new priorities for consultants Deals have dried up in emerging markets. Now the focus is on helping businesses survive the pandemic

Our client, global technology recruiter, Harvey Nash has found that Tech professionals are sceptical that today's Budget will level up Northern Tech compared to the rest of the UK. At the same time, they have questioned the positive impact of HS2, which was given the green light last month, amidst concerns from an official review that costs could reach over £100 billion. Read more in this Information Age article...
https://www.information-age.com/2020-uk-budget-deliver-northern-tech-123488155/

Will the 2020 UK Budget deliver for Northern Tech? Tech professionals are sceptical that the 2020 UK Budget will level up Northern Tech compared to the rest of the UK

In a Computing column, Harvey Nash Group CEO, Bev White discusses why more inclusive cultures will attract and retain women in the tech sector -
https://www.computing.co.uk/opinion/4012017/inclusive-culture-tech

If we build more inclusive cultures, we will attract and retain more women in tech Harvey Nash Group CEO Bev White believes that tech culture needs to change to become more welcoming for women

A £1.1m loan (via the Bank Referral Scheme) has provided a lifeline to the Caterham Barracks Community Trust so it can continue providing services to 10,000 people. The loan was delivered via Bristol-based Alternative Business Funding (ABF) and funded by the city's Triodos Bank -
https://www.insidermedia.com/news/south-west/community-trust-safeguarded-with-1.1m-government-lifeline

Community trust safeguarded with £1.1m Government lifeline A £1.1m loan has provided a lifeline to the Caterham Barracks Community Trust so it can continue providing services to local people.

This feature published on Thisismoney.co.uk today looks at how the Government's Bank Referral Scheme could be more successful. It also highlights how Alternative Business Funding (ABF) helped Surrey based development trust, the Caterham Barracks Community Trust (CBCT) from possible closure, by helping it secure more than £1million in funding - the platform's largest ever loan and the second-largest loan created through the Bank Referral Scheme. The funding was provided through ethical and sustainable finance specialist, Triodos Bank UK, after CBCT received notice from their main mortgage provider advising them they would not be renewing their loan - https://www.thisismoney.co.uk/money/smallbusiness/article-8037747/What-Bank-Referral-Scheme-isnt-helping-small-businesses.html

What is the Bank Referral Scheme and why isn't it helping businesses? Mike Cherry, of the FSB, said: 'Helping well under one per cent of the small business community secure a few million over three years doesn't scream roaring success.'

Britain’s consultancy growth slowed from 7.5% in 2016 to 4% in 2019, according to a study by our client, Source Global Research. Read more about what is happening in the market in City AM -
https://www.cityam.com/uks-consulting-market-slows-its-growth-in-2019/

UK’s consulting market slows its growth in 2019 - CityAM Growth in the UK consulting market almost halved in the three years between the 2016 EU referendum and 2019, a

Another piece of media coverage to add to the many yesterday on tech jobs and salaries. Good to hear our client has had lots of interest in copies of the report from companies looking to recruit - https://www.itproportal.com/news/cloud-computing-uplift-driving-tech-salaries/

Cloud computing uplift driving tech salaries Tech talent is in high demand, according to experts.

In today's FT, Source Global Research says that day rates for consultants working in the public sector range from about £1,000 for a junior consultant, to about £3,500 or occasionally higher for partners. Fergus Blair, a senior analyst at Source, also says that there is a growing trend in the public and private sectors towards using outcome-based pricing in contracts, such as bonuses that consultants earn if they hit performance objectives.

https://www.ft.com/content/636d7f58-3397-11ea-a329-0bcf87a328f2

Brexit drives 20% rise in government spending on big consultancies Public and private clients ‘pushing back’ and demanding top advisers to justify high fees

Computer Weekly reports that data privacy and the shift to service-based models are some of the areas where companies such as Google and Apple are turning to consultants for support. These are just some of the findings of the new Source Global Research TMT report out today - https://www.computerweekly.com/news/252477057/High-tech-firms-provide-boost-to-consulting-industry

High-tech firms provide boost to consulting industry

As the US tech giants, Apple, Microsoft, and Google continue to grow aggressively and expand their range of services, they’ve ramped up their use of high tech consultants, finds a new Source Global Research report - featured in Information Age this morning - https://www.information-age.com/success-tech-giants-high-tech-consulting-123487137/

Driven by the success of tech giants, tech consulting is on the rise As the US tech giants continue to grow aggressively and expand their range of services, the use of high tech consulting is on the rise

A great story of how Clifton Asset Management helped a husband and wife team use their pension to fund the launch of a luxury Italian-style ice-cream business in the Dorset town of Sherbourne - https://www.insidermedia.com/publications/south-west-business-insider/south-west-business-insider-january-2020/silver-lining

South West Business Insider January 2020 | Insider Media This month, Plimsoll Productions founder and chief executive Grant Mansfield, explains how the company has managed to double in size every year for the last six years, we reveal the 2020 South West Top 500, take a closer look at the issues around IP and trademarks, our international business of the....

We’ve just launched a Source Global Research report, featured in Bloomberg Tax and Accounting Today, finding that global tax advisors are being increasingly called upon by large corporates to advise on transfer pricing as tax authorities around the world clamp down on perceived abuses.

In 2018, advice on transfer pricing was the fastest growing area of tax advice in the global tax advisory market – and it’s now heading swiftly towards being a US$10bn sub-market in its own right by the end of 2019, as it grew 9.3% to US$9.2bn in 2018, and it’s projected to grow by 9% in 2019.

https://www.accountingtoday.com/news/global-tax-advisors-see-growing-demand-for-transfer-pricing-work

Global tax advisors see growing demand for transfer pricing work As tax authorities around the world crack down on corporate tax avoidance strategies, demand for transfer pricing advice is fueling growth in advisory services.

Big Four Invest Billions in Tech, Reshaping Their Identities - this Bloomberg Tax article features Source Global Research data on how much of audit will go to tech firms - https://news.bloombergtax.com/financial-accounting/big-four-invest-billions-in-tech-reshaping-their-identities

Big Four Invest Billions in Tech, Reshaping Their Identities The Big Four accounting firms, through an unprecedented investment of billions into technology, are transforming not just how they operate, but also their very identities.

Burnout: How you and your boss can reduce the risk of overload - this ZDNet feature quotes Albert Ellis, CEO of Harvey Nash and leads on data from the Harvey Nash Tech Survey - https://zd.net/2sJrNwT

Burnout: How you and your boss can reduce the risk of overload | ZDNet Half of tech professionals have had concerns about their mental health and growing pressure associated to always-on working styles means IT employees and employers must do more to reduce the risk of burnout.

Fiona Czerniawska from Source Global Research comments today in the The Wall Street Journal on FRC findings that the audits of large British companies continue to miss regulatory standards - https://www.wsj.com/articles/u-k-audits-continue-to-miss-quality-targets-set-by-regulator-11562713261

U.K. Audits Continue to Miss Quality Targets Set by Regulator Financial statement audits of large British companies continue to miss regulatory standards, according to the U.K.’s Financial Reporting Council. The finding comes as the country’s audit sector braces for a potential shake-up amid concerns around the quality of such assessments.

Global consultancies compete for share of Chinese market – Source Global Research data featured in the Financial Times today finds that consulting in China grew 14% to reach $5.2bn in 2018 - https://www.ft.com/content/64253986-8c3a-11e9-b8cb-26a9caa9d67b

Global consultancies compete for share of Chinese market Opportunities are growing but local competition and US-China trade war raise concerns