City employers planning to increase hire rates in 2007
18-12-2006
Major City employers are planning on hiring even more new staff in 2007 than they did this year, according to new research.
Next year is looking good for those seeking jobs in finance, with 75 per cent of high volume City employers questioned by Morgan McKinley saying that they expected 2007 hiring activity to be greater than 2006.
However, employers were also anticipating problems when it came to competing with other firms for the best staff, with 79 per cent saying that they expect it to be difficult or very difficult to recruit the right staff next year.
Chief executive of Morgan McKinley Robert Thesiger said: "The 'war for talent' has been a constant theme in the City throughout 2006 and this will continue to be the case in 2007.
"Attraction and retention will remain at the top of the HR agenda with organisations looking outside traditional candidate pools and to the global marketplace in their search to secure the talent they need."
The number of financial services vacancies fell by 16 per cent between October and November, however it was traditional for fewer financial services workers to be looking to change roles at this time of year with the bonus season approaching, the firm said.
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