HRreview 20 Years
This field is for validation purposes and should be left unchanged.
Subscribe for weekday HR news, opinion and advice.
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

Doubled hiring demands from the financial service sector

-

Figures from a recent report by Experteer.co.uk, have revealed that hiring demands have more than doubled within the financial services sector.

The report which which analysed the availability of senior-level positions across various industries used data from one of the most active months in the recruitment industry. The September 2010 figures reveal the strongest executive job growth – almost 10% – in the financial services sector, compared to the same period in 2009.

For an industry hit hard by the recent recession, recovery appears to be well underway.

Overall, the consulting industry still retained the top spot with its 25% share of the UK executive job market, but its year-over-year growth was stagnant at best, dropping 3% from 2009.

HRreview Logo

Get our essential weekday HR news and updates.

This field is for validation purposes and should be left unchanged.
Keep up with the latest in HR...
This field is hidden when viewing the form
This field is hidden when viewing the form
Optin_date
This field is hidden when viewing the form

 

The Information Technology (IT) sector showed a 3% gain over 2009, demonstrating its firm position in the Top 3 industries for executive job demand. Given the continual innovation and IT-centric growth strategies in areas from data storage to information security, this sector will prove a reliable job source for senior-level talent.

Nina Zimmermann, Head of International at Experteer, comments as follows:

‘Given the fact that the financial industry is one of the pillars of the UK economy, it is no wonder that during the global crisis our country was harshly struck. Nevertheless, our executive talent has once more proved its versatility. With an increase of almost 10% of the executive job market share in 2010, the UK financial market appears to have regained its stamina.

This outcome could lead us to the conclusion that the financial crisis is finally showing signs of defeat. It certainly shall be interesting to follow the evolution of this trend, especially with harsh cuts in the public sector on the cards.

Latest news

Felicia Williams: Why ‘shadow work’ is quietly breaking your people strategy

Employees are losing seven hours a week to tasks that fall outside their core job description. For HR leaders, that’s the kind of stat that keeps you up at night.

Redundancies rise as 327,000 job losses forecast for 2026

UK job losses are set to rise again as redundancy warnings hit post-pandemic highs, with employers cutting roles amid rising costs and economic pressure.

Rise of ‘sickfluencers’ and AI advice sparks concern over attitudes to work

Online influencers and AI tools are shaping how people approach illness and employment, heaping pressure on employers.

‘Silent killer’ dust linked to 500 construction deaths a year as 600,000 workers face exposure

Hundreds of UK construction workers die each year from silica dust exposure as a new campaign calls for stronger workplace protections.
- Advertisement -

Leaders ‘overestimate’ how much workers use AI

Firms may be misreading workforce readiness for artificial intelligence, as frontline staff report far lower day-to-day adoption than executives expect.

Cost-of-living pressures ‘keep unhappy workers in their jobs’

Many say economic pressures are forcing them to remain in jobs they would otherwise leave, as pay and financial stability dominate career decisions.

Must read

Iain Mcmath: The burden on parents

Last Monday (7th March), Sophie Raworth presented a documentary...

Chris White: How can HR revolutionise performance management?

Performance management done right can unlock vast swathes of potential among employees, says Chris White.
- Advertisement -

You might also likeRELATED
Recommended to you