Print this page Send this to a friend Previous page

Increase in salaries for City workers

Ref. PR-00732

  • Over half of employers based in the City and Docklands will increase staffing levels over the next six months.
  • More than one in three employers expect starting salaries to rise in the latter half of 2007.

Research released today [31 July 2007] by specialist recruitment consultancy, Robert Half Financial Services Group, reveals a 17 per cent rise in companies intending to hire more staff in the City and Docklands throughout the latter half of 2007.

Robert Half's second City Recruitment Index for this year shows that over one in two (67 per cent) City and Docklands companies plan on increasing staffing levels throughout the next six months. Earlier this year, Robert Half revealed that 50 per cent of employers planned to increase staff in the first half of 2007.

The survey of 100 companies across the City of London and Docklands shows that over a third (37 per cent) of employers plan on increasing the number of financial professionals whilst almost one in three (31 per cent) plan on increasing operations staff. Over half of the respondents surveyed cite business growth and expansion (56 per cent) for the need to increase staff whilst 31 per cent say it is due to increased workloads.

The most difficult candidates to source are trade support staff according to almost a quarter  (23 per cent) of employers followed by product controllers (20 per cent).

Over a third (37 per cent) of City and Docklands employers plan to increase starting salaries during the next six months. This figure is in line with Robert Half's earlier survey (36 per cent versus 37 per cent).

Neil Owen, Regional Director of Robert Half Financial Services Group said:
"Our survey has shown that City and Docklands recruitment continues to steadily escalate throughout 2007. With the demand for highly skilled professionals on the rise, employers should not only look at remuneration packages but other incentives such as flexible working hours and training to attract as well as retain existing staff and prevent loss in this highly-competitive market."

Document: Salaries for City workers

Contact Us

For further information please contact:

Michelle Whitman
Robert Half International
Tel : 020 7331 2222
Email : michelle.whitman@rhi.net