Jobs increases for Factoring, Invoice Finance and Asset Finance industry

Commercial Finance People, contributors to the Recruitment and Employment Confederation REC and KPMG ‘report on jobs’, stated last month that growth of permanent placements in the invoice finance and leasing finance sectors had continued to surpass expectations.

The REC/KPMG survey reported that the number of people placed in permanent jobs increased for a twenty-second consecutive month in May, although the rate of expansion of placements slowed to the weakest since October 2010.

John Peters, Commercial Finance People director said on the figures that “Within invoice finance and leasing finance, the trend in vacancies is very much upwards – and we expect to see the trend in placements in these two of our specialist sectors continue to grow as these funders increase the level of finance they provide to SMEs within UK PLC”

Although the overall jobs market remained uncertain, he added of the invoice finance sector that, “However, the increase in demand for good people is revealing a potential skills gap. There are currently some excellent job opportunities in the invoice finance/ABL and leasing sectors.”

The report from Commercial Finance People is encouraging in that, whilst the high street banks are largely expected to shred thousands more jobs in the coming weeks, that perhaps the Invoice Finance and Asset Finance markets might be able to offset the job losses, and in turn weaken the blow to the UK economy.

Also encouraging is that the uptake in factoring and invoice finance jobs is reflective of current and future market conditions and more and more UK small and medium sized businesses become more aware of other business funding methods in the wake of falling bank lending levels and the expected shortfall in Q2 figures for the Merlin Project due out soon.

For more details on how Factoring Finance can help you avoid late payment problems, cash flow difficulties, and improve your debtors book with, Invoice Finance products such as Invoice Factoring & Invoice Discounting or other Commercial Finance and/or Credit Insurance, simply get in touch and we’ll do the rest.

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