HSBC considers offering graduates jobs in China and India after withdrawing UK offer

Unlock Editor's Digest for free

FT editor-in-chief Roula Khalaf picks her favorite articles from this week's newsletter.

Foreign graduates in the UK who had job offers canceled by HSBC after the government tightened visa rules have been told they could be offered jobs in mainland China, India and Poland.

HSBC last week told affected overseas graduates it would explore opportunities to employ them in similar schemes in three countries after it criticized changes to visa rules for canceling UK offers, according to documents reviewed by the Financial Times. .

The decision to withdraw offers to around two dozen graduates highlights how employers are struggling with the government's decision to increase salary thresholds for skilled worker visas. The Big Four accounting firms KPMG and Deloitte have also canceled offers in recent weeks.

Potential offers still depend on the applicant's ability to work in China, India and Poland. A person familiar with the matter said the UK would support them through the visa process as usual, providing advice and covering costs.

The London-based lender hired 720 graduates last year, according to its latest annual report, and employs around 33,000, 42,000 and 6,000 staff in China, India and Poland respectively.

The affected graduates were due to join the HSBC Digital Transformation Graduate Scheme in the UK, covering roles in cyber security, software development and data.

The cancellation of Britain's proposal comes after Chancellor Rishi Sunak's government in April raised the base salary threshold for skilled worker visas from 26,200 to 38,700 in a bid to reduce legal immigration levels. Immigration is expected to be a key issue in the UK general election campaign over the next six weeks.

HSBC has angered some of the affected graduates in recent weeks after sending out automated messages saying the lender was sorry. [them] Go after they decide to leave the selection process.

The bank later told affected graduates that consulting firm EY, which is acting as immigration adviser to HSBC, would explain the reasons for the cancellation in more detail and answer questions about their UK immigration status.

HSBC has said it will not be able to pass on a small number of offers to candidates as part of its graduate scheme this year due to changes to rules covering people seeking sponsored visas to work in the UK. We are currently in discussions with those affected.

Sources 1/ https://Google.com/ 2/ https://www.ft.com/content/69278fcf-6187-48ad-a056-360204619da6 The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos