New research has shown an increase in recruitment levels as the professional and financial services as roles in the sector have risen.
The Research conducted by the Association of Professional Staffing Companies (APSCo) showed a 17% increase in finance and accounting positions since last year. This has been supported by data from the Office for National Statistics which demonstrated an overall increase in employment levels. APSCo have summised that cuts in corporation tax, increasing availability of low-cost finance, and cheaper energy have all contributed to this growth in confidence.
There has also been an increase in average salaries, across all sectors, of 4.6%. The salary rises appear to have been led by the finance sector, recording uplifts of approximately 14% and 10.6%.
Growth in the sector has been steadily increasing as In June APSCo reported that 88% of finance professionals believe there are now more career options, in comparison to five years ago. At that time, in London, 729, 000 people were employed into financial and professional roles – an increase of 2.2% increase from 2014.
Louise Woodward, head of our Accounting and Finance Division, comments “This is true in the local area as well as at a national level. Companies have to compete for the top performers who are needed to build or change their businesses. The war for talent shows no signs of slowing down, so providing a competitive salary, excellent benefits, frequent recognition and clear career paths is a crucial employment strategy.”