It seems that my recent post about pay rises going out of fashion told only part of the story. Phew. And as for a meltdown in the markets...
Big thanks to The Joslin Rowe Financial Services Employment Index. It tells of the "most up-to-date trends in the jobs market," according to, er, Joslin Rowe, the recruitment agency. I know it is the job of headhunters like JR to try to cheer us all up, and to tell us all that the grass is always greener on the other side of the fence. But hey, it is still nice to hear good news.
It's latest research tells us three things about job prospects in the good old City of London. First, it is took an average of 72 days to fill a City job in January compared to 87 days in the same month in 2007. Second, there were 20 per cent fewer people looking for City jobs in January this year (at 30,000) than in October last year. But best of all, City salaries are up, yes UP, by 10 per cent over the 12 months. And while the big swinging Richards of investment banking have found some way of keeping their bonus pools brimming despite the global credit crunch, it appears that the people that actually do the hard work are benefiting too.
Average salaries in London have risen 11 per cent to £38,759. Hourly rates for temporary workers in the City have increased from £15.22 to £16.49 in the last year, a 8.4 per cent increase. Or so Joslin Rowe would have us believe.
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