“This has continued into 2023, with a 31-percent decrease in jobs available due to economic uncertainty and the threat of redundancies compared to this time last year,” he added.
The number of jobseekers across the City surged 19 percent in the first quarter compared with the last three months of 2022, Morgan McKinley said, with some workers chasing improved job security and others pursuing transfers to specialist green finance and environmental, social and governance roles, where demand for staff has been outstripping supply.
Reflecting the uncertainty, the survey also showed the uplift in salary secured by finance workers moving from one job to another in the first quarter had dropped to 18 percent, pointing to the lowest salary increase expectations in almost two years. “The market has almost become complacent, with many expecting to receive huge salary increases, but the market is responding to that demand, with companies being more realistic in what they offer, so as to minimize any internal disruption amongst incumbent employees,” Enver said.
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