Financial recruitment_5
Financial recruitment: Hiring managers uncertain on future of financial services sector
Hiring managers remain cautious on the outlook for the financial services industry, according to a new survey.
The survey, from financial recruiter Morgan McKinley, showed that 63% of hiring managers think the sector is likely during the next 12 months. However, 55% predict hiring activity will either stay the same (39%) or increase (16%).
Three-quarters of respondents have reported difficulties in getting sign-offs for new hires compared with a year ago.
Robert Thesiger, chief executive of Morgan McKinley’s parent company, Imprint, said: “A year on from the first reports of the ‘credit crunch’, it is fair to say that considerable levels of uncertainty remain within the financial services industry and in turn, the recruitment market. As is evident from these survey results, hiring managers within the City have mixed opinions as to how the next 12 months will pan out. However, the majority still expect hiring levels to stay the same or increase, which indicates that there are areas which will continue to grow despite the continued market turbulence.”
