In a recent survey by Ireland-based Matrix Recruitment Group, 64% of those polled expect a pay rise in 2016.

The survey looked at earnings within the financial services sector and work-life balance, benefits and employee expectations. The results showed that 7% of those questioned were dissatisfied with their salary and benefits and 60% were somewhat satisfied while 15% said they were very satisfied.

The Matrix Recruitment Group survey also showed that confidence in the sector has grown steadily over the last two years both for candidates and employers. Job seeker confidence is high with more permanent roles becoming available in the market with improved salaries now on offer. Jobs in the financial services sector have grown over the past 24 months, with demand from both multinationals and SMEs. 

Gillian Wall, financial services recruitment manager states that one of the biggest challenges within the financial services sector will be attracting and retaining top talent as 29% of candidates surveyed noted that they are planning on changing jobs in 2016 with 54% indicating that they would consider changing jobs in 2016 for the right company and salary. However, 57% of candidates would stay with their existing company for a higher counter offer.

“To attract talent and build on existing talent, speed and decisiveness will be important,” Wall said. “Organisations will need to comprehensively understand what the priorities are for today’s candidates. Candidates are increasingly focusing on flexible working hours, work from home options, work life culture, and career advancement opportunities.”

Of those surveyed, 20% already have an option to work from home with 16% taking up flexible work opportunities.