Following a difficult few years for recruitment, sentiment is turning positive for the jobs market in financial services.
Over half of financial services firms say they will hire more staff this year, according to Ranstad Financial & Professional, with 14 per cent expecting their headcounts to rise significantly. A quarter of respondents said they would see staff levels remain stable and only 17 per cent said they are preparing to cut staff.
The main reasons for optimism included the feeling that innovation is beginning to introducing new revenue streams and the belief their businesses will be busier in 2013 due to increasing client demand.
Managing director Tara Ricks says: “A rise in demand for their services in the latter part of 2012 suggests a good start to 2013. Their optimism is filtering through to hiring intentions where the ratio is swinging in favour of a longer-term commitment to permanent hires.”
However, 39 per cent of respondents said recrutiment could be hindered by a failure to find the candidates with the right attitude and skills.
Ricks says: “Talented people have become ever more elusive as they continue their long hibernations in their current firms after bunkering down at the start of the credit crunch. Lack of budget and lower salary enticements have played their part, as have fears over job security.”