Job vacancies to outnumber candidates after the summer
JOB opportunities in the City are set to surge in the second half of the year, with some sectors expecting to have more vacancies than qualified candidates by September, according to several surveys.
Financial services firms will have 10.3 jobs to fill per 10 candidates looking for work by the end of the third quarter, recruitment firm Ambition said yesterday. It said the gap will increase to 12 empty posts per 10 candidates by the end of the year.
Recruiters said they are most concerned about pay deals, competitors poaching employees and a shortage of qualified candidates, as part of a monthly employment survey by Morgan McKinley.
“Any candidate that fits the bill is being snapped up and well rewarded in order to retain them,” said Morgan McKinley managing director Andrew Evans.
Specialists in risk and compliance, product control, interest rates and credit products are in particularly high demand, said Ambition, which predicted legal and professional services jobs would be also soon experience a similar drought of candidates.
The graduate market remains grim with 75 candidates per job.