Connecting to LinkedIn...

Blank

MORGAN McKINLEY LONDON EMPLOYMENT MONITOR

MORGAN McKINLEY LONDON EMPLOYMENT MONITOR SEPTEMBER 2008

Londons financial services hiring market faces unprecedented conditions

Highlights

During September 08, City hiring continued to be significantly affected by the turmoil within the global financial services industry
The number of new job opportunities within the sector in London fell for the third consecutive month, down 14% compared with August 08
Compared to the same month the previous year (September 07), new job vacancies fell 42% to levels not seen since December 07
The number of financial services workers looking for a new role increased by 42% on the previous month (August 08) largely due to the recent collapse of several major financial institutions
There is now a substantial gulf between the availability of supply of financial services workers versus demand
The average City salary registered 49,893 during September 08, falling 1% compared with August 08 and 3% against the same month the previous year (September 07)
During the third quarter of 2008, individuals who did move roles received an average salary increase of 18%. This was 8.6% less than their counterparts received a year ago (July September 07).

Tags:

Articles similar to

Articles similar to