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Demand for contractors in financial services plummets
by Susie Hughes at 12:25 29/11/16 (News on Business)
Temporary vacancies in the financial service sector rose by just one per cent in October 2016, marking an end to a boom in demand for contractors witnessed in recent months.
By comparison, in September opportunities for contractors increased by eight per cent year-on-year. In August this figure stood at 16 per cent.

Despite a recent concerns that London could lose 83,000 banking jobs in the wake of Brexit, opportunities within the sector remained strong for permanent vacancies, which increased by three per cent.

Ann Swain, Chief Executive of agency group APSCo said: “It seems that the recent frenzy of temporary hiring, which created a boom in demand for contractors, has now subsided and this has been replaced with more stable hiring activity.”

  • Contract vacancies slide by five per cent
  • Demand for contractors in financial services plummets
  • Average salaries dip by 0.3 per cent
  • Permanent vacancies show zero per cent growth year-on-year

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Susie Hughes © Shout99 2016

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