MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Powerchex Ltd
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

City Job Offers in the Financial Services Sector Down 38% on 2008 Finds Powerchex - Powerchex Ltd releases annual employment offer figures
City Job Offers in the Financial Services Sector Down 38% on 2008 Finds Powerchex

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/01/25 - Powerchex Ltd releases annual employment offer figures.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Employment / Careers / Jobsware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Sales Jobs & Marketing Jobs - Biz Employment, Business Jobs Search - BizJobs.com


 

Powerchex, the leading pre-employment screening firm for the financial services sector, today released its annual financial services employment offers figures for 2009. Total offers in 2009 were 38% down on the previous year. Declines were across all industry sectors, with investment banking the worst affected suffering a 56% decline in offers. This compares to declines of 21% for stockbrokerage firms, 23% for hedge funds and 28% for insurance companies. IT contractors to the sector experienced a 53% decline in contracts offered.

“These figures released today should not come as a surprise to anyone,” stated Alexandra Kelly, a Director at Powerchex. “The sector has gone through the worst battering in 60 years and firms responded accordingly by drastically reducing staff. Stockbrokers were the least affected as extreme market volatility boosted the sector’s profits. IT contractors were severely affected as financial firms put major capital improvement and expansion projects on hold or cancelled them altogether.”

By comparison, total offers in the last quarter of 2009 were down 10% from the same period in 2008. Offers in investment management firms were the worst affected, down 38%, followed by offers in the insurance sector. Hedge funds and stockbrokers recruited the most applicants with increases of 63% and 67% respectively. IT contractors to the sector were also up by 65%.

These are interesting numbers according to Kelly. “As investors keep piling into the market, stockbrokers are forging ahead,” she states. “Also projects that were cancelled late last year with the onset of the recession are now being resurrected and companies are hiring contractors again.”
Comparing the last quarter of 2009 with Q3 2009, overall job offers are up 7% with stockbrokers and hedge funds leading the way with increases in offers of 81% and 65% respectively. Investment banking offers are down 46% indicating the reluctance of investment banking to take on graduates this year.

“Overall there is a significant improvement in job opportunities in financial services,” concludes Kelly. “However, the improvement is not yet propagated across all sectors and finding suitable employment is still a struggle for many job seekers in the sector.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Employment / Careers / Jobsware Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Sales Jobs & Marketing Jobs - Biz Employment, Business Jobs Search - BizJobs.com


 

Written by / Agency / Source: Powerchex Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Employment / Careers / Jobsware articles,
CATCH Visitors via Your Competitors Announcements!


City Job Offers in the Financial Services Sector Down 38% on 2008 Finds Powerchex

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Andrew McIntosh - Powerchex.co.uk 
+44(0)20 7767 2400 info[.]powerchex.co.uk
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Powerchex Ltd securities in any jurisdiction including any other companies listed or named in this release.

Employment / Careers / Jobsware via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Powerchex Ltd / Company Profile


Read Employment / Careers / Jobsware Most Recent Related Newswires:

PCL Introduces Job Site Resourcing™ - An Advanced Construction Logistics Management Solution
Alstom in Partnership with HEC Paris Concludes the Mid-Management Program for Africa, Middle East, and Central Asia Employees
SLAN Financial Achieve SOC 2 Type 2 Certification for India Operations by E Com Security Solutions
PearlCare Search Group Expands into IT Consulting
Launch Potato Makes Best Companies List 2nd Year in a Row
ALM Intelligence Partners with Decipher to Release Report on Lateral Hiring
French Bank Crédit Agricole Ile-de-France Chooses Infor Talent Science
Leonardo Signs Agreement with Federmanager on Innovative Early Retirement Plan for Executives
Economic Development Group Launches Jobs Website to Connect Job Seekers with Expanding Employers
Leading UK Headhunting Firm Announces Record Hiring Activity in the Enterprise SaaS Sector
Loyal Source Announces Merger with Orlando-Based Strategic Staffing Company, Cyon, Inc.
Intrinsic Executive Search Expands Globally, Offering Software Firms Candidate Reach in Europe & USA
The Early Impact of the Brexit Result on the UK Enterprise Software Market Revealed
Leading UK Headhunting Firm Announces Record UK Hiring Activity Despite Negative Brexit Prediction
South Carolina's Phillips Staffing Promotes Debbie Bright to Senior Recruiter

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Limelon Advertising, Co.

Visit  BizJobs.com





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)