Banking hiring intentions

vegas-lights

Four in ten (42%) banking and financial services hiring managers are set to boost headcount in 2015, an increase on last year, when only 34% agreed.

Hardly any are intending to downsize, a marked improvement on the first six months of 2015, when one in five (19%) banking and financial services hiring managers reported that headcount had decreased.

Despite facing a challenging environment, the survey points to signs of a recovery in financial services hires, driven in many respects by rising demand for experienced regulatory professionals.

“Despite facing a challenging environment, the survey points to signs of a recovery in financial services hires, driven in many respects by rising demand for experienced regulatory professionals. Many firms will also be looking to rebuild talent pipelines disrupted during the global financial crisis, in part explaining the significant decrease in the number of firms expecting to downsize over the next size months.” Christian Brown, Manager, Auckland

Positive Hiring trends

The survey also revealed that 56% of banking and financial services hiring managers will reward their workforces with a salary increase this year, a slight increase from 52% in 2014.

Overall 36% of banking and financial services hiring managers are focusing on permanent hires.

“While market confidence has not yet returned to levels seen before the global financial crisis, the fact that most businesses are seeking a mix of permanent and contract talent suggests a note of cautious optimism. Moreover, the number of employers focusing on permanent hires continues to outstrip those opting for a contractor-led workforce, meaning that hiring managers will need to offer a range of financial and non-financial benefits to hit permanent staffing targets.” Christian Brown, Manager, Auckland. 

Key findings from the hiring intentions survey:

  • 89% of organisations say banking and financial services hiring will not be affected by wage pressures
  • 63% of hiring managers are focusing on a mix of contract and permanent hires
  • 42% banking and financial services hiring managers are set to boost headcount

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