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London Salary Survey

  • London’s financial services recruitment market remains extremely buoyant in 2007 with new job volumes increasing 37% in March 2007 compared to the same month in 2006.
  • Demand is particularly high for newly qualified accountants, skilled derivatives, compliance and operations professionals across the banking and investment management sectors.
  • This year, according to a survey of high volume financial services employers, 58% of organisations predict that hiring activity will continue to increase over the coming year.
  • 56% of City organisations stated they are finding it more difficult to find skilled candidates compared to a year ago.
  • With continued pressure on candidate supply, skilled temporary workers are increasingly sought after to fulfil headcount requirements and in turn, hourly pay rates for those with specific product and sector knowledge are now at a premium across asset management, operations and banking finance and accountancy.
  • 63% of financial services workers stated that they were satisfied with their current salary. 29% said they would like additional benefits such as childcare vouchers and mortgage subsidiaries to be included in their total compensation packages.