Drop In Finance Sector Recruitment Levels

Fri, 25 Apr 2008

The number of finance companies expecting to increase staffing levels has fallen considerably in recent months, a new study has revealed.

According to survey by recruitment agency Manpower, just 4 per cent of finance sector employers expect to increase their workforce before the end of June – representing a 16 per cent fall since the first quarter and a 23 per cent drop from 12 months ago.

The agency’s results were based on the predictions of businesses on whether they would have more or less staff in place by the end of the second quarter of 2008.

Similar falls were experienced in the business services sector, where 7 per cent of employers expect to increase staff numbers, compared 10 ten per cent in the first quarter of 2008 and 18 per cent in 2007.

The findings follow a recent survey by Morgan McKinley which revealed that the number of available city jobs last month had dropped by 23 per cent from the corresponding period in 2007.
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