UK
Company: Morgan Mckinley
Late Lunchtime Links: Three places that are hiring now. Three areas where hiring is hot
Financial News thinks there will be more redundancies later this year. Editor Ben Wright says the lack of staff attrition is to blame. Wright has spoken to the head of European capital markets at: “one large bank”, who says his firm budgeted for an attrition rate of 8% but the actual attrition rate is 0%. [...]
As bonuses wane, a new breed of highly paid investment banking HR professional is born
Forget compensation and benefits professionals: the buzzword in investment banking HR is now, “talent,” as in, “talent management,” as in: “how to retain staff when you can’t afford to pay them cash bonuses any more.” “Talent management is a real buzzword right now,” says April Vale, of the human resources team, at recruitment firm Morgan [...]
The hiring in 2012 may all be in the second half
People are starting to wish that 2012 will turn out to be like 2010. To recap: 2010 started slowly and got better. 2011 started better and got worse. 2012 seems to be starting badly. The hope is, therefore, that we are re-experiencing the conditions of two years’ ago and that all the hiring whjich isn’t [...]
Lunchtime Links: An abnormally large number of financial services professionals seem too frightened to look for a new job
It’s the summer. It’s a quiet time. People are keeping their heads down. They are topping up their tans. But people are also scared: they are too timid to apply for a new job. How do we know? According to the latest monthly statistics from recruitment Morgan McKinley, which has just offered up its insights [...]
Lunchtime Links: Statistical confirmation that it is now substantially harder to find a new financial services job than this time last year
Statistically, it was 43% more difficult to find a new financial services job in March 2011 than it was in March 2010. In 2010, there were 1.4 new jobseekers chasing each new job; in 2011 there were 2. Worse, in March 2011 the number of surplus new candidates over new jobs in London rose to [...]
Lunchtime Links: Fairly depressing new job-disaster in February
As we suggested yesterday, banks’ recruitment plans could be aversely affected by the ongoing catalogue of global disasters. The Wall Street Journal today speculates that Q1 earnings might possibly be impacted. Compounding the existing gloom, new figures from recruitment firm Morgan McKinley suggest things aren’t totally great when it comes to financial services recruitment in [...]
Salaries up dramatically in December, but surplus job seekers rose 80% year-on-year
Something happened to salaries last month. According to Morgan McKinley, the amount banks were willing to pay ‘senior professionals and directors’ to entice them onboard rose 12.5%, to 99k. In December 2009 comparable ‘senior professionals’ weren’t even commanding 80k. What’s going on? Understandably, Financial News thinks it might have something to do with the EU’s [...]
Lunchtime Links: Deficit of new jobs to new candidates up 40% year on year in November
Good news: there are more new jobs. Bad news: there are more new candidates. Good news: the discrepancy between new jobs and new candidates is now less than it was a few months ago. Bad news: it’s still loads higher than last year. Mitigating factors: this applies mostly to the middle office. How have we [...]
Actually, so far Q3 hasn’t been bad at all for City recruitment
If Morgan McKinley’s monthly employment monitor is to be believed, fears of a slowdown in the City job market in Q3 have been overplayed – the number of new roles in July is actually up by 7% on June. According to its reckoning, there were 6,048 new roles in London’s financial sector during July, which [...]
Can you really increase your pay 20% by moving jobs? And would you actually want to?
Recruiters are not exactly totally impartial in this matter, but that doesn’t necessarily mean they’re not being truthful when they say that if you change jobs, you’ll earn more. According to yesterday’s reports from recruiters Morgan McKinley and Ambition, you can increase your salary by anything from 19-27% simply by giving up your current role [...]
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