UK
Company: Huxley
Don’t panic – Lloyds cuts don’t mean IT contractor demand is falling through the floor
The fact that Lloyds Banking Group is culling 500 London-based IT contractors as part of its latest redundancy announcement could be taken as another sign of the impending slump in demand for temporary financial services technology staff. It does, after all, come after similar moves by RBS, Standard Life and Barclays. Volume recruiters specialising in [...]
Remember 2007? There are supposedly more middle office jobs available now than there were then
2007. Ok, a few Bear Stearns hedge funds went awry early on and by late August presentiments of badness were mounting, but mostly it was a good year. Mostly, 2007 can be held up as an example of what life was like BC (before crisis). It seems significant, therefore, that one recruiter thinks there were [...]
Are HR people insufficiently interested in money?
While front office bankers appear to be receiving fairly enormous bonuses this year, the same can’t necessarily be said for the HR department. Although recruiters of HR staff for banks say HR professionals are generally contented with this year’s payouts, bonuses in HR remain comparatively low as a proportion of salaries. “At most banks, bonuses [...]
Great news for the rush of HR people returning from maternity leave
It’s no secret that the human resources profession holds a special appeal for the female sex. Around 70% of the members of the Chartered Institute of Personnel and Development are women, and at junior levels the percentage of ladies is even higher. With the services of recruitment-focused HR professionals not really required in the City [...]
Wanted: people to make people redundant
Redundancies don’t just happen on their own you know – someone has to work very hard to make sure everything goes to plan. And while everyone else is losing jobs, those particular people are busier than ever. Joanna McDowell, a consultant dealing with HR recruitment at Huxley Associates, says jobs for employee relations (ER) professionals [...]
Banks’ paranoia making IT security experts indispensable
Information security specialists have a lot to thank Jérôme Kerviel for. Not only are there more job opportunities available for them, but such is the dearth of talent, they’re almost indispensable. Kerviel allegedly manipulated internal security systems in order to cover up rogue trades that cost the French bank €4.9bn. And other banks are becoming [...]
Realising the value of risky business
Banks have been under-investing in their IT risk management solutions and are tipped to splurge in the next year. Jérôme Kerviel’s antics thrust the fragility of Société Générale’s operational risk management system into the spotlight, and a report by Ernst & Young suggests many banks aren’t doing much better. Bill Barrett, head of E&Y’s technology [...]
Banks still hungry for energy specialists
As energy trading heats up, banks are spending more on IT systems to support it and tech professionals with energy knowledge are in short supply. Stumbling equity markets are prompting investment banks to look for other sources of fat returns, and energy trading is seen as an increasingly lucrative area. Most banks are buying in [...]
Waving goodbye after bonuses
Bonuses in the IT financial space have always been a long way off investment bankers’, but it seems several IT pros are sick of below-par payouts and plan to take the money and run. Dominic Hilleard, director of permanent at tech recruiters Cyberteam, says: “This has been the busiest January I can remember. We’ve had [...]
Contractor rate rises set for slowdown
IT contractors might hold on to their jobs this year, but recruiters are predicting 2008 will spell an end to bumper rate hikes. Last year was a tumultuous one for contractors, with many suggesting they could be for the chopafter the credit crunch, and reports being published on how they are fleeing finance for other [...]
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