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Morgan McKinley’s London Employment Monitor registered a -15% drop in job availability in the financial services sector last month. Compared to a year ago, the decline is even more profound at - 24%. The number of professional jobseekers also fell -12% month-on-month and -60% year-on-year.
“Inevitably at this time of year, the hiring market is starting to slow down,” said Hakan Enver of Morgan McKinley.
“From the job seekers perspective, taking into account seasonal factors, as well as recent redundancy announcements, it is likely that professionals are slightly nervous about looking for a new position.
“With the end of year in sight, many people will simply keep their heads down and hope to receive a modest bonus in the early part of next year before considering the next step in their careers. Interestingly, those who are moving roles seem to have motivating factors aside from remuneration.”
The survey also found that the average salary change in November was an 8% increase.