The financial services sector has seen a significant increase in the number of temporary and contract vacancies, according to new data.
The Association of Professional Staffing Companies (APSCo) has reported that a jump of 21% was recorded in the finance and accounting sector in July 2016, coinciding with the UK’s decision to leave the European Union.
APSCo also found that the financial services sector saw an increase in median salary amounts, with an increase of 3.6%. This is at a time when many sector saw a decrease in median salary amounts.
The recent figures come despite a number of large financial services and banks having to close branches and axe jobs. The true repercussions of Brexit are also still somewhat unknown, causing a level of market volatility.
According to Ann Swain, Chief Executive of APSCo: “An increasingly flexible workforce is being utilised to keep the wheels in motion until there is greater certainty around what the UK’s future relationship with the EU will look like. Until then, the professional recruitment sector will continue to provide talent to firms’ immediate and short-term needs.”