IPOs Boost City Recruitment In May
Written by Geoff Newman on 6/6/2011
A leading gauge of City recruitment trends has shown that recruitment for finance positions in May saw a surge of some seven per cent on the previous month's figures, buoyed by better trading prospects and an increase in stock market flotation’s.
Finance recruiters, Astbury Martin, said that their measurement of recruitment demand showed that 6,650 jobs were created in the city in May, seven per cent more than April, and the highest figure for 18 months.
The company's chief operating officer, Mark Cameron, said that the positive figures came as welcome news - particularly as the prolonged holiday disruption during April had cast something of a threat over the City's employment market.
"City bankers will be very encouraged to see that the market has bounced back from the Royal Wedding slow down to reach an eighteen month high – it is healthy, not explosive growth, as some of May's new jobs would have been created in April," he said.
Geoff Newman from flat fee recruiter RecruitmentGenius.com is realising a strong demand for finance professionals worldwide.
"Across Australasia, North America and Europe there is renewed confidence that people can benefit from the current instability and opportunities that have been created. This has led to widespread job creation with wages increasing across the board.
It is thought that the 24 per cent rise in investment banking revenues from London flotation’s, stemming from the increase in initial public offerings, also contributed to the job boost.