Despite a decrease in the number of job vacancies available in the City, those with human resources (HR) skills are still in demand, it has been suggested.
Many banks have to lose staff due to the current economic situation in the UK meaning HR experts are needed to help manage redundancies and employment, Daniel Naftalin, partner in the employment group at law firm Mishcon de Reya, told Personnel Today.
He also said: "There is still considerable demand for HR expertise in the financial services sector."
According to the London Recruitment Monitor, complied by Morgan McKinley, the number of job vacancies in the City has fallen by 34 per cent when compared to last year, Personnel Today states.
Despite this, Ochre House, a HR resourcing group, says that demand for HR interims has risen by ten per cent compared to the same time last year, HR Zone reports.
On an even more positive note, ClickAJob Marketing Manager Anders Jensen sees City job cuts as a welcome opportunity.
"It's not just HR people," he says.
"With the world-wide skills shortage, companies are crying out for high-powered professional people who are computer literate and well-accustomed to coping with multiple disciplines."
"Never mind redundancies, most City career people are highly motivated self-starters who are ready to take on anything," he continues.
"As long as they're prepared to look outside the finance sector, they'll be snapped up in seconds."