Financial recruitment

Tue, 26 Feb 2008 | Updated: Fri, 21 Nov 2008 10:59 am

The number of candidates looking for jobs in the UK financial services sector settled back down to around the 30,000 mark in January 2008, down 20.3% from October 2007, according to figures from Joslin Rowe.

The research found that candidate numbers in the market had spiked upwards in October, to 37,825, as global credit turmoil led to concerns over bonuses and future job vacancies.

There were 8.5% more permanent job vacancies to be filled by employers in January 2008 than the previous month – up from 17,630 to 19,130. Temporary job vacancies also increased, from 12,330 to 14,480, over the same period – a 17.4% rise.

It found that permanent vacancies in the financial services sector took 15 fewer days to fill in January 2008 than January 2007. The average time to fill a permanent position stood at 87 days a year ago, compared with 72 days in January 2008. There was no change in the time taken to fill a temporary position over the same period.

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