Contractors working in the finance sector will be pleased to hear that the industry is continuing to hire more workers.
The latest report, which has been conducted by recruitment consultancy, Morgan McKinley, revealed that the London financial services sector saw a 17 per cent month-on-month increase in the number of roles coming onto the market in May this year.
The number of professionals, including both permanent workers and freelancers, entering the jobs market in May this year rose by 18 per cent compared to April in 2011. Contractors may also be interested to hear that the average salary for those securing new jobs in May was £54,594.
The chief operations officer at Morgan McKinley Financial Services, Andrew Evans, believes that people in financial services are very much positive in both their careers and the future of the industry.
He said, “When asked about their career plans following the bonus round this year, there was an interesting and definite split: 49 per cent said they would look for new opportunities, but only six per cent would move abroad for work, while 42 per cent plan to do nothing differently.
“This echoes the change in expectations and also the view of a third (35 per cent) of respondents who optimistically feel that bonus payments will increase significantly once the London financial services market improves.”
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SJD Accountancy – who has written 388 posts on SJD Accountancy Blog.
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