Bankers jittery but banks still hiring
Bankers are getting touchy over stock market volatility, but banks are still firing on all cylinders when it comes to recruitment.
A survey of 571 financial services employees by recruitment firm Joslin Rowe Associates found 56% thought recent volatility will have a negative impact on their basic salaries and 54% predicted a negative impact on recruitment.
Banks appear unfazed by the ups and downs of the markets, however. Joslin Rowe's data also unearthed an 11% increase in financial services vacancies permanent positions last month compared to May and a mighty 32% leap in temporary roles.
Tara Ricks, managing director of Joslin Rowe, says employees are more susceptible than employers to concerns about short-term fluctuations: "Employers need to think longer term when planning their staffing levels and look beyond short-term vagaries of global markets."
