Contractors could find new job opportunities within financial services firms
Contractors working in the financial services sector will be pleased to learn that firms are looking to hire more workers over the next quarter.
A recent CBI/PwC survey has shown that financial services firms’ business volumes continued to grow at a steady pace in the three months to March, with volumes rising for the second consecutive quarter, across all industry sub-sectors except for life insurance.
Limited company owners within the sector will be interested to learn that overall profitability in financial services continued to grow, but at a more moderate pace compared with the previous quarter. Profits are expected to grow at a similar rate over the next three months.
When questioned about hiring, 45% of financial services firms said they had increased employment over the last three months, with many firms expecting employment to rise even more strongly next quarter
Matthew Fell, CBI Director for Competitive Markets, commented on the findings, “Financial services firms are growing steadily and are optimistic about their business situation. The fact that competition is growing as a potential business constraint highlights intensifying activity in the sector.
“It’s also particularly encouraging to see that investment intentions continue to be positive across the board for the second consecutive quarter, strengthening further in some cases.
“Businesses plan to spend heavily on IT and are scrambling to find new professional staff to meet growth demands.”
Contractors working in financial services have received further goods news with regards to take home pay, as another report released last month found that rates of pay could be on the rise.
Latest research from specialist recruiter Robert Half Financial Services, found that rates of pay for middle and back office staff are expected to rise considerably during the first half of 2014.
Considering making the switch from working as a permanent employee to a contractor? Then read our free downloadable guide to moving from permanent to contracting, you may also find our advantages and disadvantages of a Limited company page useful.
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