Financial services hiring and compensation strong, says Morgan McKinley
Tue, 12 Jun 2012
London’s financial services sector saw a 17% month-on-month increase in the number of roles coming onto the market in May 2012, reaching 3,915, reports recruiter Morgan McKinley’s London Employment Monitor.
While this is the highest number of roles available since August 2011, it was still 25% lower than May 2011, when there were 5,229 vacancies on the market.
The average salary for those who started new roles in May 2012 was £54,594, 6% higher than salaries for those starting new jobs in April 2012.
Three quarters of financial services workers received a bonus in 2011/12, and 70% of these received a similar or higher one than in previous years.
Morgan McKinley’s chief operations officer Andrew Evans calls the vacancies data “a good sign”, also noting that “some headcount reduction programmes will be coming to an end which gives employers a greater degree of clarity on staff numbers and requirements for the second half of this year”.
He also notes that the number of workers (29%) whose bonuses where higher in this year than in the previous year was double the 15% who expected such reward in a November survey from the firm.