 |
Free umbrella service for contractors
Save over £1400 p.a on fees Click here or call 0845 602 7712. |
Financial services contractor job offers up, but rates under pressure
Posted Dec 22, 2009
The number of financial services job offers has risen this month, raising hopes of a lasting economic recovery. However, the large number of applicants has forced down contract daily rates.
New figures released by Powerchex, a pre-employment screening firm for financial services, show a 2% increase in job offers from the previous month raising hopes of a lasting economic recovery.
Investment banks, hedge funds and brokerages - all hard hit by the economic downturn - all showed significant increases in recruitment from the previous months, with investment banks leading the war on talent by increasing their offers by 15%.
Contractor market gains, as IT projects recommence
Job gains were also produced in the IT contractor market, according to Powerchex, mostly reflecting the recommencement of IT projects that had fallen by the wayside due to the recession.
However, daily rates have been slashed as there are far more job applicants than there are jobs.
"There appears to be a direct correlation between job offers confirmed and optimism in the economy" says Powerchex MD Alexandra Kelly. "City firms do not want to lose out on talent as the economy improves, so they are ready to resume recruitment. Their optimism however is fragile, and even on a week‐to‐week basis they can change their recruitment goals as the news about the economy vacillates."
"There is some evidence of stabilisation but it remains to be seen just how durable this proves to be" says Kelly.
"Financial services is the primary engine for growth in the UK; when the City thrives the UK economy grows. It is as simple as that; but in a pre‐election climate, the government is introducing policies that can drive talent away from the City and to more welcoming jurisdictions."
Contractor Services
- Clarity - Chartered Accountants - Fixed Fee £95/month. No hidden extras.
- Together we're stronger! - Join PCG, representing contractors
- Professional Indemnity Insurance - Essential contractor PI cover
- AccountsNet CA - PCG Accredited. Great Value @ £65pm - View Demo
- inniAccounts - Online Accountants, 24x7 Access, Free Demo
- Qdos - IR35 experts - Providers of low cost contractor insurance
- Free Umbrella Company - Save over £1400 p.a. on fees with Springboard
- Free IR35 & Tax Review - Call ICS on 0800 195 3750
- K & B Accountancy Group - Fixed fee contractor accounting only £75pm
- Parasol - the UK's favourite umbrella company
- planIT Services - Umbrella, Ltd company, free formation & IR35 review
- Cloud 9 Group - Umbrella Solutions only £9.95 per week
- Key Directories: Contractor Accountants | Umbrella Companies
- Financial Services: Income Protection | Contractor Mortgages | Pensions
- More Services: Compare Business Insurance | Company Formation
Related Articles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
