Recruitment efforts in the finance sector in the UK has been increasing at a steady basis, according to a new report, leading some experts to predict that contractors working for umbrella companies may be able to benefit from the increased hiring.
According to Morgan McKinley, the financial services sector, based in London, experienced a 17 per cent hike in the volume of vacant positions ready to be filled last month in comparison to April’s figures. The survey additionally found that the jobs market welcomed 18 per cent more professionals this past May than it did the same time 12 months ago, though the number of people seeking jobs were 58 per cent less than they were in May of 2011.
Morgan McKinley Financial Services’ chief operations officer, Andrew Evans, commented on the findings, remarking that those working in the financial services sector have increased confidence in the long-term outlook of their careers. 49 per cent of those surveyed said they would be looking for new work opportunities, Mr Evans said, but 42 per cent remained committed to their current position and only 6 per cent said they would be moving abroad in order to pursue new work opportunities, echoing changing expectations, as more than one out of every three survey respondents held the optimistic outlook that, once the financial services market improves, bonus payments will undoubtedly increase by a substantial margin.
If the approximately 35 per cent of financial service market workers that believe this are proven correctly, industry experts say that positions for permanent and contracted positions alike have a high likelihood of being quite lucrative.
