Vacancies within financial services increase by 30%
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