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UK — Recruitment in banking is bouncing back

29 July 2009

Joslin Rowe, the firm of specialist recruitment consultants (part of Randstad) has seen a 30% rise in premium job vacancies over the last month. “September to March was a very difficult period with a lot of uncertainty, especially after Lehman Brothers collapsed but we seem to have come through the worst of it nowâ€VbCrLf, spokeswoman Belinda Walmsley, told the Wharf.

Joslin Rowe specialise in staffing for law, accounting firms and banks. Miss Walmsley said further “The average salary is about 45,000 to 50,000 Pounds, which is not what people believe they are. There is also a shift towards bonuses paid in stocks, rather than cash. Despite talk of blockbusting bonuses making a comeback, the average bank employee is having to make do with more modest rewards.â€VbCrLf

“A lot of people are only now returning to the workplace so the issue of rewards is less than it was at the height of the market. I think the media and the public perception is making it seem more worrying than it is.â€VbCrLf

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