A recent study carried out by the ‘The Association of Professional Staffing Companies’ (APSCo) has reported that the number of permanent roles in the Financial Services Industry has been rising 17% year-on-year, topped only by the IT industry, which currently stands at 31%. With an election on the horizon, this can only be good news for David Cameron, who has well-publicised plans for Britain to become the “jobs factory” of Europe.
The growth in Financial Services is put down to increased economic confidence and more investments now being made. The latest data from the CBI seems to back this up; confirming that the UK's financial sector experienced the “biggest upsurge in business since 1996 in the final three months of last year.”
Ann Swain, CEO of APSCo, said, “As the UK takes the podium for the world’s fastest growing advanced economy, it is clear that this bright, fresh economic landscape will continue to have a positive impact on recruitment levels across the UK. The fact that vacancy numbers within finance are once again showing significant signs of improvement, reflects the reality that the recession is now well and truly behind us. It seems that London has undoubtedly regained its crown as one the most eminent international financial centres - and the value that brings to the UK economy should not be under-estimated. There is no doubt that the UK remains a world-leading place to do business.”
Salaries were also on the increase within FS, as pay checks enjoyed an average boost of 5.3% in the last year.
As the government continues to roll out the various pension changes, and with a housing market mini boom now also predicted, the Financial Services industry will, no doubt, relish a return to strong growth, having experienced what can only be described as a bit of a ‘rough time’ of late.