Commercial Finance Today » salaries news http://www.commercialfinancetoday.co.uk News, views and commentary from the world of Lending and Recoveries Wed, 25 Aug 2010 13:27:30 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Increase in Rise in Starting Salaries for Permanent and Temporary Staff Continues http://www.commercialfinancetoday.co.uk/2010/06/30/increase-in-rise-in-starting-salaries-for-permanent-and-temporary-staff-continues/ http://www.commercialfinancetoday.co.uk/2010/06/30/increase-in-rise-in-starting-salaries-for-permanent-and-temporary-staff-continues/#comments Wed, 30 Jun 2010 09:00:51 +0000 admin http://www.commercialfinancetoday.co.uk/?p=1971 Commercial Finance People, Financial Recruitment Consultants, reports an increase in starting salaries for skilled professionals within ABL, Invoice, Trade & Asset Finance and Banking where there are a growing number of pockets of skill shortages. 

KPMG’s Report on Jobs (see below) shows that this pattern is repeated across all sectors.

Pay Pressures

The recruitment industry survey tracks both the average salaries awarded to people placed in permanent jobs each month, as well as average hourly rates of pay for temp/contract staff.

Permanent salaries

May data highlighted a rise in starting salaries awarded to successful candidates placed in permanent jobs by recruitment agencies. The latest increase was the seventh in consecutive months. Pay inflation was solid, despite easing from April’s twenty-five month high. Consultants generally commented that higher salaries were the result of employers looking to attract skilled staff.

Temp/contract pay rates

Hourly rates of pay for staff in temporary/contract employment increased for a fifth consecutive month in May. However, the rate of growth eased since April and was subdued compared with the series’ long-run trend.

Copies of the full report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Re-printed with kind permission of Markit

]]> http://www.commercialfinancetoday.co.uk/2010/06/30/increase-in-rise-in-starting-salaries-for-permanent-and-temporary-staff-continues/feed/ 0 Salaries for Permanent Placements Beginning to Rise http://www.commercialfinancetoday.co.uk/2010/01/27/salaries-for-permanent-places-beginning-to-rise/ http://www.commercialfinancetoday.co.uk/2010/01/27/salaries-for-permanent-places-beginning-to-rise/#comments Wed, 27 Jan 2010 12:15:02 +0000 admin http://www.commercialfinancetoday.co.uk/?p=1373 Recruitment Consultancy, Commercial Finance People, which places professionals throughout the Banking and Finance sectors, has reported a slight increase in salaries for specialist roles where there is a short supply.  This echoes the findings of KPMG’s  ‘Report on Jobs’  to which CFP is a contributor.

The recruitment industry survey tracks both the average salaries awarded to people placed in permanent jobs each month, as well as average hourly rates of pay for temp/contract staff.

Permanent salaries

Starting salaries awarded to successful candidates placed in permanent jobs increased for the second month running in December. Furthermore, the latest rise was the fastest since June 2008. Where higher salaries were reported (by 12% of panellists), this was usually attributed to stronger demand for staff.

Temp/contract pay rates

Hourly rates of pay for temporary/contract staff decreased for a fifteenth successive month in December. However, the rate of decline eased to only a marginal pace that was the weakest in that sequence.

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Copies of the report are available on annual subscription from Markit. For subscription details please contact: economics@markit.com Tel: +44 1491 461000

Re-printed with kind permission of Markit

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