Banks take longest to make up their minds about operations staff

5 June 2009

1 minute read

Banks take longest to make up their minds about operations staff

For reasons known best to banks' HR departments, people being hired into operations roles have to wait longer than anyone else before they're accepted.

Research by recruitment firm Joslin Rowe shows the average amount of time between the receipt of a CV and the extension of a job offer has almost doubled, from around 20 to around 40 days over the past 12 months.

Everyone now has to wait a long time, but people in operations have to wait the longest. Speculation suggests that this is because banks are less willing to sign off non-critical hires.

Hiring times

Source: Joslin Rowe

AUTHORSarah Butcher

Global Editor

Th
The Richard
8 June 2009
What is wrong with working in ops?
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Bi
Biggest Bain in the Room
6 June 2009
I'm pretty sure the author is using the term "critical hire" incorrectly. Hmm... someone bandying around jargon and concepts that they doesn't understand - where have we seen that before in financial services?
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Ge
Getting Henry his P45
5 June 2009
Henry so voted for the BNP, sub-humanism? Henry, you sound like a Nazi, careful if you do really do work for GS, you know the whole Jewish heritage of the firm? You know, comments like that will get you a P45, I hope your manager sees it, maybe I will email that little comment to your HR department. In fact Im going to do it, you need taking down a peg or two.
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Pe
Peregrine
5 June 2009
my contempt stems from their (more often than not) vile Essex background and their sense of humour which is often so tedious and wearisome.
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Ac
Actual Henry
5 June 2009
My contempt for Operations people has nothing to do with money actually. Its utter disgust at the people themselves - the intellectual inferiority, the sub-humanism.
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