The latest Sector Trends report from APSCo has shown that vacancies within financial services have increased by almost one third (29.4%) during the three months to May 2017 despite a 2.1% fall year-on-year.
Commercial banking was the leading area accounting for more than insurance, investment and consumer finance put together. The last 12 months as a whole have shown a 2.7% fall in the number of vacancies, year-on-year, however the insurance sector saw an impressive growth of 10.9% over the same period.
Bankers continue to be the most sought after financial services professionals, however, demand decreased by 3.4% over this period. Vacancies for insurance professionals increased by just over 10%. While the need for sales staff increased the most rapidly by 14.7%.
Regionally, London remains the financial capital of the UK with over half (54.9%) of all vacancies in this area. The biggest growth was seen in the West Midlands with a 29.7% rise, influenced by the increased hiring activity by HSBC.
Louise Woodward, Principle Recruitment Consultant in our Accounting & Finance Division, comments, “These statistics are very promising, we can definitely see this reflected in the local area as well as at a national level. Companies are still having to compete for the top performers who are needed to build or change their businesses and this shows no signs of slowing down. Providing a competitive salary, excellent benefits, frequent recognition and clear career paths is still a crucial employment strategy.”
If you would like to discuss your recruitment needs, please don’t hesitate to call us on 01202 233777
Louise Woodward (Chartered MCIPD)
Louise is an experienced specialist accounting & finance recruitment professional with over 30 years’ experience specialising in the sector during which time she has gained an esteemed reputation as one of the region’s leading recruiters evidenced by her long list of loyal and happy clients. Louise is also Group Secretary …