Financial Services 2019 Salary Guide
Your guide to remuneration and recruitment trends in financial services.
The Robert Half Financial Services 2019 Salary Guide is your comprehensive guide to competitive, confident hiring for the year ahead. Based on interviews with 200 CFOs, 100 CIOs, 300 hiring managers and 2,000 professionals from across the UK, it provides an extensive overview of the key trends affecting hiring in 2019.
Download the guide to get in-depth salary data and see:
- Discover the salaries you should offer new employees in financial services
- Explore the highest banking and finance salaries in the uk
- Find out the key roles businesses are looking for in financial services
- Benchmark your retention strategies against other firms
Rising demand causes concern for leaders
Almost half (49%) of senior financial services leaders have expressed concern over the demand for key roles. They predict that the consequences of unfilled roles will be lost revenue, increased stress levels and stunted business growth.
New roles are introduced in governance and risk
The recent implementation of GDPR has caused a rise in new roles within governance, compliance and risk to cope with the challenges, risks and practicalities of data security. Base salaries have increased to reflect the risks involved.
Hiring for resilience and adaptability
Banking operations have been affected by MiFID ll and the changes in reporting times, causing employers to begin testing candidates for resilience and adaptability. A heavier reliance is being placed on temporary and contract employees too.
As the war for talent is expected to intensify, employers are embracing two main solutions to attract, secure and retain the right talent in these conditions: faster hiring times and flexible hiring strategies, and competitive remuneration packages.
Matt Weston - UK Managing Director at Robert Half
Salaries by sector
Download the guide to access 2019 salary projections and the key recruitment trends affecting your sectors:
Competition for top performing talent has intensified within accounting and finance—an issue which is compounded by the impact of digital and automation on finance skill sets. In order to keep retention levels high, businesses are increasing accountant salaries or offering more flexible benefits to employees.
The demands of the UK technology sector are outstripping the number of qualified professionals available on the hiring market. According to 79% of CIOs, it is a challenge to find qualified professionals now, compared to 5 years ago. To combat the issue, hiring managers are increasing remuneration levels and leveraging counter offers. Find out more.
Support HR and administrative roles are more important than they’ve ever been. Emphasis is being placed on employee-centric business approaches and positive work experiences, both of which require a robust HR and administrative team. Performance-based bonuses and benefits are being awarded to qualified professionals.
The introduction of technology to link marketing spend and business development has propelled businesses to hire for digital skills and commercial acumen. Marketing and creative professionals have stated that an attractive starting salary is key factor to accepting a role.