Joslin Rowe Reports Demand For HR Professionals Hits High
Released
on: November 23, 2009, 11:14 am
Author:
Joslin Rowe
Industry: Human Resources
Joslin Rowe reports demand for HR professionals is steadily
increasing with job vacancies in financial services currently at their
highest levels of 2009. This shift in the market shows that employers
now have the budget to recruit new employees and recognise that with
expanding work loads, departments left under resourced by redundancy
now need more support.
This turn in the market is highlighted in Joslin Rowe's bi-annual salary survey,
where the figures show that there has been a 4% increase in HR job volumes in the
last 6 months for permanent recruitment and a massive 63% surge in temporary and
contract jobs. The influx of temporary and contract HR job positions appears to be a short term remedy
to ease pressure on under resourced HR departments with demand for analytical,
compensation and benefits professionals hitting a high to meet the year end
requirements.
"Whilst the job flow does lie heavily within temporary and contract recruitment,
this increase is extremely positive in a market that has been relatively stagnant
for the majority of 2009", said Tara Ricks, Managing Director of Joslin Rowe. "While talk of a market turn becomes more commonplace, employers are awaiting
clearer signs that we're beginning to leave the recession, so they can plan for
growth in 2010."
Yet while demand for HR professionals is on the rise, there has been a drop in
salaries. On the permanent side average earnings have fallen by 14% over the last 6
months. While decreases have also taken place on the temporary side, the scale of
the drop hasn't been mirrored, with an average cut of only 1.2%.
Whilst salaries have taken a dip, the outlook is a positive one. If the demand for
HR temps and contractors continues, this should have a knock on effect on permanent
recruitment and with an increase in job flow, along with an expected boost in
salaries. Joslin Rowe has already started seeing a rise in permanent mid level
positions.
Notes to Editors:
Joslin Rowe recruits for financial services positions across London, Scotland and
the Middle East. The salary survey analysed salaries and rates of pay attached to
job offers and vacancies comparing September 08 to March 09 with March 09 to
September 09
About Joslin Rowe
Established in 1982, Joslin Rowe is one of the leading UK Banking Jobs, finance jobs and financial services recruitment
firms in the UK. Joslin Rowe consultants, candidates and clients work together to
achieve the best employment opportunities and long term relationships. Joslin Rowe
recruits for jobs in Edinburgh,
Glasgow and across London including long-term contracts, temporary and permanent
roles. Joslin Rowe is a Randstad company - the second largest HR services group
globally.
Contact Details: Belinda Walmsley
Joslin Rowe
Bell Court House
11 Blomfield Street
London
EC2M 7AY
+44 7789 682 754
www.joslinrowe.com
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