Financial firms limit permanent positions

Financial firms limit permanent positions Financial firms in the UK cut back on the number of permanent jobs they advertised in the first two months of 2008 as a cautious exercise against the credit crunch.

However, recruitment agency Joslin Rowe has noted that firms are still very busy if a little reticent about committing to increases in permanent staff, which could be reassuring news for recent graduates.

This has led to a 42.6 per cent increase in temporary vacancies in February when compared to the previous month, as companies have implemented a drive to recruit contract staff to fill short-term gaps in the workforce.

Commenting on the trend, Nabila Sadiq, managing director of Joslin Rowe Temporaries, explains: "The smaller rise in permanent job vacancies this January and February is a clear sign employers have taken a more cautious approach following recent market turmoil.

"However, in the middle office at least, there hasn't been the sort of slowdown anticipated."

She added that "the work's there to be done and someone has to do it".
Pareto - Graduate Banking Sales Jobs with the UK's financial organisations companies earning up to £35k OTE




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