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France – Increase in temporary contracts in finance sector during 2014

29 January 2015

Fed Finance, the French recruitment firm specialising in the placement of finance professionals has released its employment barometer for 2014, which reviews the types of contract and recruitment patterns employers in the finance sector used during the year.

The only type of contract that was used more in 2014 than in 2013 was for temporary workers (Intérim), which accounted for 49% of all contracts during the year, up from 41% last year. In contrast, permanent placements (CDI) reported a decline from 42.5% of all contracts in 2013 to 38% in 2014.

Fixed-term contracts (CDD), which proved least popular during both years, accounted for 16.5% of all contracts in 2013, but only 13% of all contracts this year. 

Amaury de Vorges, Partner at Fed Finance, commented: “Despite economic activity that appears to have been increasing since early 2014, companies remain cautious. The creation of permanent positions remained stable between the last quarter of 2013 to the end of 214.”

Data released earlier this week by Prism’Emploi, the French Association of Employment Agencies, revealed that temporary employment in France decreased across all sectors every single month in 2014, when compared with the previous year.

Fed Finance did not reveal the number of temporary jobs created in the finance sector during 2014, therefore it is not possible to say whether or not the finance sector has “bucked the trend” or whether there were substantially fewer jobs in the sector during 2014, compared with last year.