Analytical study: An exploration on how to recruit a Member of  Parliament
Analytical study: An exploration on how to recruit a Member of Parliament

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Financial Services

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Market Insight Reports

09/12/19

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On December 12th 2019, the British public are the hiring managers for 650 very important roles. The process for electing new Members of Parliament is never short of criticism and, we as recruitment experts, want to share how we would apply our experience and knowledge to source the right person for this crucial role. This report is an exploration of how we would use our bespoke methods to hire a new Member of Parliament on behalf of the British public. Whenever we engage with a client on a search mandate, we have a consulting session with the hiring manager and HR to put together a bespoke and robust process that, partnered with their needs and our experience, will lead to a successful hire. In this instance, the hiring manager is circa 52 million people, and so we reached out to our candidates and clients asking them to complete a questionnaire on what they would be looking for in their Member of Parliament. We had a great response to our survey, with 161 responses in 48 hours. Thank you to all who participated. From the results, and wider data research, we have put together a guide including an MP job description, the proposed interview process, and specific questioning lines to get the most out of our potential candidates. Of course, this report is a bit of fun, however from exploring the way in which the current system works and looking intrinsically at our own internal processes, we believe there are a number of questions we should be asking ourselves with regards to, not just December 12th, but in the context of hiring in general. It is clear that in any hiring process, honesty, integrity and accountability are up-held at all times, and this could not be more accurate than during a General Election. This General Election is one of the most polarising political events of our life-time with several very clear issues dominating the race so far, including Brexit and the NHS. In an attempt to avoid alienation - and as this is an exercise in process and procurement - we elected to steer clear of any policy based questions; instead focusing on experience and character, and the results threw up some surprises! Download the full report here   Your member of parliament

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This report is an exploration of how we would use our bespoke methods to hire a new Member of Parliament on behalf of the British public.

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Thomas Wesseldine

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Thomas Wesseldine

Thomas Wesseldine

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Thomas Wesseldine

Market Insights 2019 | Yorkshire
Market Insights 2019 | Yorkshire

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Financial Services

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Market Insight Reports

28/08/19

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Commerce & Industry Our Yorkshire office achieved another record breaking performance last year, with private sector recruitment being the driving force. This trend is set to continue in the year ahead, with Yorkshire seemingly more resilient in the face of Brexit than some other regions. Transactional 2018 saw a number of factors that affected the transactional market and had a direct impact on how businesses recruit. Yorkshire has seen the fastest private sector growth of any city in the UK, making it a prime location for businesses who are looking to relocate and want to take advantage of an existing talent pool whilst reducing their operational costs. Specialist Markets Uncertainty has characterised Yorkshire specialist markets, and indeed all markets over the past 12 months, with the implications of possible Brexit scenarios front of mind for many organisations. With GDPR now a reality, organisations have been focusing on how to embed this into their processes. Compliance with the new regulations is a priority for senior stakeholders, and with many organisations still unsure of how to define the industry standard, we have seen increasing demand for junior auditors who can support the process. Professional Services Continued uncertainty about how Brexit is going to impact andshape the market has led to a cautious approach to recruitment within professional services across Yorkshire, particularly at the back end of 2018. While there has been a continuous work flow for Big 4 and Top 10 clients, senior recruitment and new roles across mid tier and small firms has been restrained. Change & Transformation The change management market was busy throughout last year, particularly on the permanent side. Activity has continued to rise this year, as companies look to bring skills in-house and reduce spend on interim and external consultancies. There have been some contract opportunities, mainly across systems implementation or business change. Resource requirements across finance, business and technology change projects have been relatively even. Executive & Interim Last year was a buoyant and encouraging year for the temporary and interim market across Yorkshire. It has, however, been a tough start to 2019, with slow progress for temporary employment and contractors increasingly turning to longer term opportunities in the accountancy and finance sectors. This is partly due to unpredictability around vacancies and when they will come available, together with an uncertain market and a slowing economy. Although this clearly presents its own challenges, it has proved to benefit professional interims as the market has become more candidate driven – making it possibly the perfect time to enter a contracting career. GUEST AUTHOR: INTOO UK & Ireland According to Bersin by Deloitte, ‘Organisations with senior leaders who coach effectively and frequently, improve their business results by 21% as compared to those who never coach.’ Coaching, therefore, should not just be a ‘nice to have’, more an indispensable part of a leader’s skillset. Read more from this guest author piece here. Download the full Yorkshire 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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Our Yorkshire office achieved another record breaking performance last year, with private sector recruitment being the driving force.

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Rafi Davies

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Rafi Davies

Rafi Davies

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Rafi Davies

Market Insights 2019 | Midlands
Market Insights 2019 | Midlands

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General

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Market Insight Reports

28/08/19

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Commerce & Industry Sometimes called the ‘engine room’ of our economy, the Midlands is a manufacturing hub in the UK, representing over 20% of total output. Birmingham, where the Marks Sattin office is located, has one of the largest concentrations of businesses outside of London. Specialist Markets It has been a promising start to 2019, with the usual seasonal recruitment drives taking place across the larger firms and senior level requirements across tax, expatriate tax, advisory, restructuring and insolvency more than doubling in the first quarter Change & Transformation We have seen increased hiring mandates over the past 12 months within change and transformation, across both the permanent and interim market. Talent within finance, hybrid IT and project/change were highly sought after as companies strive for growth while also trying to stay lean in order to drive operational efficiencies and increase profitability. This trend has continued so far this year with a steady requirement for both traditional finance and hybrid candidates. Executive & Interim Despite the economic and political uncertainty created by Brexit, the Midlands market has experienced an increase in hiring activity during the first quarter of 2019 in the executive and interim space. Dealing mainly with private equity or venture capital backed businesses, clients are seeking CFOs and FDs who can adapt to change and innovation. Investment in infrastructure, real estate and businesses either relocating or opening new offices in the region has certainly created more opportunity and is helping to attract talent from other areas of the UK. GUEST AUTHOR: Breaking the Silence Wellbeing is in the workplace whether we like it or not, and the healthier your workforce the better your business will perform. Businesses in the FTSE 100 who have a robust wellbeing strategy are outperforming all of the others and evidence suggests that for every £1 invested in employee wellbeing your business will generate another £3. It’s hard to understand in 2019 how some boardrooms are still seeing employee wellbeing and mental health as a ‘fluffy subject’ and not seeing the direct links between employee energy and their business results. Read more from this guest author here. Download the full Midlands 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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Sometimes called the ‘engine room’ of our economy, the Midlands is a manufacturing hub in the UK, representing over 20% of total output.

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Mark Higgs

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Mark Higgs

Mark Higgs

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Mark Higgs

Market Insights 2019 | Executive Search, London
Market Insights 2019 | Executive Search, London

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Executive Search

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Market Insight Reports

28/08/19

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Executive Search The executive search market continues to strengthen, with a varied schedule of work and increased investment throughout the industry. Our team certainly felt this high level of activity, and we’re expecting to see ongoing positivity throughout the rest of the year. GUEST AUTHOR: Women in Fund Finance Although hard to believe, there are still some who do not understand the value of diversity. Despite countless studies providing strong evidence that the most successful companies are those that employ a diverse group of individuals, many maintain homogenous workforces with no intention of diversifying. Although this approach has long gone unchallenged, there is now a growing consciousness within many corporate cultures which is driving companies to hold their external counter parts and service providers accountable for failing to address the issue. Read more from this guest author piece here. Download the full Executive Search 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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The executive search market continues to strengthen, with a varied schedule of work and increased investment throughout the industry.

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Tracey Alper

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Tracey Alper

Tracey Alper

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Tracey Alper

Market Insights 2019 | Change & Transformation, London
Market Insights 2019 | Change & Transformation, London

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General

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Market Insight Reports

28/08/19

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Financial Services Last year was challenging for the interim financial services change and transformation market, with clients implementing new restrictions on contract tenure and showing caution around non regulator-driven spending. As a result, we saw a significant amount of contractors flooding the market, and far fewer opportunities available for them to transition into. Clients became more and more specific around skill set requirements and less flexible with their expectations, due to the surge in available talent. This also meant we found ourselves dealing with longer processes and more interview stages than previous years. Commerce & Industry The rise of GDPR related initiatives dominated Q1 last year, with clients desperately trying to be compliant for the May 25th deadline. Project/programme managers were in high demand, which was reflected in premium rates and increased levels of interest among contractors in these specialist roles. On average, GDPR change professionals were earning 15-20% more than professionals with similar experience working outside of GDPR programmes. It was also noticeable that many non-GDPR roles in Q1 2018 were short term − other projects and programmes seemingly took a back seat while programme teams focused on the GDPR deadline. GUEST AUTHOR: Seddons Solicitors If we are to believe the statistics, flexible working is the winning ticket. For employees, it is often now a key consideration in any job move that agile working will be part of the package. It may also be a factor in why they are seeking a new role in the first place. Most businesses too are keen to fl y the flag of flexible working, recognising the allure it has for potential new recruits and the positive, forward-thinking message it can send out about their business. While it may be secondary to the impact it can have to a businesses’ bottom line, if office space can be forfeited or used more resourcefully, flexible working at face value seems a wholly positive initiative. Read more on this guest author piece here. Download the full Change & Transformation 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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Last year was challenging for the interim financial services change and transformation market, with clients implementing new restrictions on contract tenure and showing caution around non regulator-driven spending.

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Oliver Bradley

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Oliver Bradley

Oliver Bradley

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Oliver Bradley

Market Insights 2019 | Financial Services, London
Market Insights 2019 | Financial Services, London

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Financial Services

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Market Insight Reports

28/08/19

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Insurance The insurance industry has had to contend with significant disruption in 2018. Increasing competition, lower margins, low interest rates and Brexit woes have culminated to curtail growth in the sector generally. This has led to sector consolidation, which presents opportunities for the contract market, but has a dampening effect on permanent hiring. However, there has been a drive to adopt new technologies and make use of big data and better digital strategy to enhance the customer journey, which has also led to a rise in the evolution of Insurtechs. This suggests that project and IT professionals will be in demand. IFRS 17 accounting rules will be effective from 1st January 2021 and organisations are already seeking advice from accounting firms and assembling project task forces to deal with the impending changes. Fintech Last year saw our busiest year to date within the fintech space, which continues to be a sought after industry for candidates from all backgrounds. With more and more fintech businesses taking substantial business away from traditional banks, payment providers, wealth managers and wider financial services companies, there has been a real increase in the number of organisations needing to bring finance in-house. This led to healthy recruitment across all levels throughout 2018 - a trend that is set to continue in 2019. Banking & Capital Markets Uncertainty around Brexit and the continued focus on cost reduction across banking has led to the quietest year we have seen in terms of hiring since 2008. This has been particularly marked on the temporary side, as banks look to replace contractors with permanent staff who would otherwise be made redundant. Private Equity & Investment Management Hiring in the investment management market remains buoyant and competitive, particularly in the alternative spaces like private equity, debt and credit. London remains the major hub, although Luxembourg is also a key market for private equity activity. Risk Management & Compliance The uncertainty around Brexit has caused growth plans within risk management to slow down with many positions relocating to the regions and abroad. This has been the general position across the top tier banks and asset managers. Regulatory 2018 was an unusual year for the regulatory market. The demand for senior managers or heads of regulatory reporting slowed down, but there was an increase in the need for part qualified or newly qualified regulatory accountants across banking and capital markets. Real Estate Real estate investment management continues to attract significant capital from investors. As has been the case over several years, the primary concern for the industry is the availability of suitable assets. This has in turn led to a widened definition of traditional real estate to include alternative or niche areas, such as student accommodation, private rented sector and social housing. The demand for these once niche areas remains very strong because of yield, compared with more mature sectors, keeping the market growing with exciting possibilities. Part Qualified & Transactional 2018 continued to be a year dominated by a shortage of quality candidates. Job flow on the whole was up on the previous year, however Brexit uncertainty seemed to have an impact on the number of candidates willing to move. There remained a demand for junior accountants with up to one year’s experience, with many clients favouring this over entry level graduates. GUEST AUTHOR: Western Union Business Solutions From Brexit to international trade tensions, recent economic turbulence has highlighted one thing more clearly than ever: risk management strategies have to be in place to protect profits for businesses trading internationally. If you are an FD or fund manager; many hours of expertise are poured into choosing the right opportunities and tracking yields, but if there is an international element to the investment, even a small change in the currency exchange rate can have a significant effect on profit or the value of returns. Read more on this guest author piece here. Download the 2019 Market Insight Report » 

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The insurance industry has had to contend with significant disruption in 2018. Increasing competition, lower margins, low interest rates and Brexit woes have culminated to curtail growth in the sector generally.

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David Harvey

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David Harvey

David Harvey

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David Harvey

Market Insights 2019 | Ireland
Market Insights 2019 | Ireland

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Financial Services

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Market Insight Reports

28/08/19

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Commerce & Industry The market in Dublin has been one of varied fortunes over thepast year. Brexit has led to an influx of highly qualified, quality candidates and we have also seen a number of high profile UK businesses setting up their European headquarters here. On the other side of the coin, the SME landscape has shown caution and an understandable reluctance to hire senior and board level staff, due to the ongoing uncertainty. Fund Services Ireland retains its position as a dominant European Funds domicile. By December 2018, continued growth resulted in assets of €2.42 trillion under the management of Irish funds. Irish funds are distributed across more than 80 countries, and there are over 450 fund promoters across Asia, Europe, the USA, the Middle East, Africa and South America that have established funds in Ireland. We have seen significant annual asset value growth every year since 2008, and this trend looks certain to continue. IMI & Banking 2018 was a strong year for growth across financial services organisations. Brexit substantially impacted the Irish market, with large companies planning to relocate to Dublin, creating new roles at all levels. We are increasingly seeing these organisations looking for subject matter experts due to increased statutory requirements. This led to early-stage recruitment which we expect to continue into 2019. Public Practice & Taxation 2018 was another buoyant year in the accountancy practice arena, with practices of all sizes growing and creating opportunities across the board. We have seen a marked expansion across audit, taxation, consulting, and corporate finance departments throughout the year, from the Big 4 to small and medium sized practices. The focus is now on talent quality, with companies learning from knee-jerk, rushed hiring mistakes of the past and willing to wait for the right candidate. Download the full Ireland 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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The market in Dublin has been one of varied fortunes over thepast year. Brexit has led to an influx of highly qualified, quality candidates and we have also seen a number of high profile UK businesses setting up their European headquarters here.

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Matthew Fitzpatrick

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Matthew Fitzpatrick

Matthew Fitzpatrick

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Matthew Fitzpatrick

Market Insights 2019 | Thames Valley & Surrey
Market Insights 2019 | Thames Valley & Surrey

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General

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Market Insight Reports

28/08/19

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Overview We are delighted to celebrate our ten year anniversary in theThames Valley this year. A lot has changed over the past ten years and we have become a leading agency in the region, covering Berkshire, Oxfordshire, Hampshire and Buckinghamshire. 2018 represented our best performance to date, beating our previous best by 38% NFI (Net Fee Income). Transactional 2018 has been a busy time for the transactional market in the Thames Valley, with the fight for talent as fierce in this area of the market as it is at the newly qualified level. Candidates are looking for their first study contract and typically have a few years’ experience behind them. With a wide range of options available, the best candidates are not around for long and a swift recruitment process is a must for companies who want to secure top talent. Executive The executive market has been extremely busy in the Thames Valley, despite the uncertain political backdrop. There was a 73% increase in the number of roles registered over the previous year, with the majority of these within the SME market. Part Qualified The market for part qualified candidates has been highly competitive for the last couple of years. With the unemployment rate staying consistent at 4%, the pool for best in class candidates is shrinking. Coupled with an increase in the number of vacancies registered, this makes for a heavily candidate driven market. Recruitment strategies and control of the process is pivotal to ensure clients secure the best talent. Qualified The qualified finance market in the Thames Valley was buoyant in 2018, in line with an active overall market for finance, accounting and commercial professionals. There has been a greater demand from clients for finance candidates to be value-add than simply reporting. They are looking for candidates who can influence and partner with business stakeholders to make an impact on the strategic direction of the business. Specialist Markets The pool of candidates in the specialist markets division has remained small this year. With both practice and industry competing for the best talent, employers are making sure they are looking after their people. We stay in touch with our candidates even when they are passive and the clear message from them is that they are happy in their roles and not looking to move. Surrey The Surrey recruitment market is one of the most buoyant and fastest growing in the UK. There are multiple factors contributing to its growth, including the arrival of some exciting new industries in the area. A number of global organisations have opted to relocate their head offices away from the city, resulting in a rise in the number of quality roles. Our Surrey office is relatively new (having opened earlier this year) and we have been able to capitalise on the growth in the area and offer many new opportunities to our candidate base. Download the full Thames Valley & Surrey 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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We are delighted to celebrate our ten year anniversary in theThames Valley this year. A lot has changed over the past ten years and we have become a leading agency in the region, covering Berkshire, Oxfordshire, Hampshire and Buckinghamshire.

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Alastair Paterson

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Alastair Paterson

Alastair Paterson

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Alastair Paterson

Market Insights 2019 | North West
Market Insights 2019 | North West

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General

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Market Insight Reports

28/08/19

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Commerce & Industry 2019 began with some trepidation, however encouragingly the market has been active. Candidates have multiple opportunities to consider and clients are proactively hiring. There are pockets of concern and challenging conditions; the sectors that are experiencing difficult times are well documented in the press, however, in the North West even niche organisations in these sectors are bucking the trend. Executive & Interim Executive level recruitment moved at a steady pace throughout last year. The North West technology and scientific hub expanded creating opportunities for the region, thanks to further investment in this growth area. The expansion of Media City demonstrates the region’s commitment to this growing sector, and construction work is ongoing across Greater Manchester. Specialist Markets The audit & assurance market is just as busy this year as it was in 2018. It is still very candidate driven, and the Top 20 firms continue to lose a lot of professionals to industry opportunities. There is a shortage of talent, particularly at the qualified senior level, and candidates are receiving multiple offers. Brexit uncertainty has also deterred some candidates from moving, so we expect the number of vacancies to rise as the talent pool gets smaller. We have seen firms struggle to secure their preferred candidate due to lengthy and drawn out recruitment processes, so we would advise them to try to move faster and do more to sell their opportunity Download the full North West 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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2019 began with some trepidation, however encouragingly the market has been active. Candidates have multiple opportunities to consider and clients are proactively hiring.

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Becky Hughes

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Becky Hughes

Becky Hughes

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Becky Hughes