Hiring in the City of London maintains growth, reveals study
City of London recruitment continues to expand alongside salary growth.
The number of jobs available for employees in the City of London continues to see annual growth, according to the latest London Employment Monitor report from financial services provider Morgan McKinley.
Indeed, in October 2014 the number of job opportunities increased by two per cent when compared with the same time in the previous year. Furthermore, the average salary increase for those securing new jobs in October 2014 was 18 per cent, indicating employers are seeking candidates with a strong skill base, according to the report.
“The positive trend in hiring across the City paints a rosy picture as the capital carries on strengthening, which is great news considering how hard the City was hit during the global financial crisis,” said Hakan Enver, the operations director at Morgan McKinley.
“Once again, our data indicates healthy salary increases for those moving to new opportunities,” he added.
London’s financial sector above pre-crisis levels
It seems that London’s financial sector continues to go from strength to strength, a rosy picture that’s corroborated by a survey from TheCityUK and reports from the Confederation of British Industry (CBI).
TheCityUK’s London Employment Survey for October 2014 showed that finance employment in the UK’s capital hit an all-time high, outstripping levels seen before the financial crisis.
Furthermore, data from CBI highlights that Britain’s financial services sector is growing at its fastest pace since before the financial crisis.
Combined, the data all points towards a well-recovered and healthy financial services sector in London.
“The positive trend in hiring across the City paints a rosy picture as the capital carries on strengthening, which is great news considering how hard the City was hit during the global financial crisis,” Mr Enver said.
“With the economy outperforming other European member states, this has led to London reaching a new peak in job opportunities within the financial services sector,” he explained.
London is world’s best city to work in
Moreover, it seems the world has taken notice of London’s attractions, in its booming employment sector and for its many other charms. A survey from Boston Consulting Group placed London at the top of the most desirable cities to work in the world.