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France – Use of temporary contracts in finance sector declines for 2015

08 February 2016

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 use of contracts for temporary workers (Intérim) accounted for 44% of all contracts in 2015, suggesting a decline compared to the previous year’s 49%. In contrast, permanent placements (CDI) represented 42.25% of all hires in 2015 compared to 38% in 2014, similar to its 2013 level of 42.5%.

Fixed-term contracts (CSD), remained stable, representing 13 % of recruitment in 2014 and 13.75 % in 2015 .

"Companies have expressed their needs in terms of CDI throughout the year", Amaury de Vorges , Partner at Finance Fed, said. "The last quarter of 2015 has also been very strong in terms of activity for our teams.”

Data released recently by Prism’Emploi, the French Association of Employment Agencies, revealed that temporary employment in France increased for the full year of 2015 for all sectors, compared to 2014.

Fed Finance did not reveal the number of temporary jobs created in the finance sector during 2015, therefore it is not possible to say whether there were substantially fewer jobs in the sector during 2015, compared with last year.