Applications up for City jobs

first_imgMonday 14 March 2011 8:39 pm CITY firms are struggling to hang on to staff despite plans to increase salaries and bonuses by more than inflation, according to two surveys by recruitment firms.Financial recruiter Robert Half says that a survey of 280 chief financial officers (CFOs), shows 61 per cent of listed firms are planning to put up salaries in coming months, more than two thirds of them by five to six per cent and a fifth by seven to 10 per cent.The research also shows that increases in bonuses will just about match inflation, with a third of CFOs planning to put them up by three to four per cent, and half planning to raise them by five to six per cent.Numbers from rival City recruiter Astbury Marsden show why: it says the number of applications it received in February has soared to 7,400, a 47 per cent jump year-on-year as disgruntled employees consider options and prepare to ditch their current employer.The data shows that non-top tier investment bankers, in particular, are upset about their pay levels. Astbury Marsden chief operating officer Mark Cameron: says “Dissatisfaction about pay is inevitable among such a hyper-competitive cohort as investment bankers – they see bonuses as the way to keep score and they hate to lose.”He added that some investment banks are reporting staff turnover for the first quarter of 20 per cent – way above the usual churn that follows bonus season.The rise in applications has not quite been matched by an equivalent jump in vacancies, but there were nonetheless 30 per cent more jobs added to the recruiter’s register this February than last. whatsapp Share Show Comments ▼ Applications up for City jobs center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Tags: NULLlast_img read more

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