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Stuart Gentle Publisher at Onrec
07 Apr 2021|
Contractor Umbrella News: Financial services sector on the way to recovery
With financial services roles seeing a significant drop in demand at the start of the pandemic, the sector is now well underway for a recovery.
Using data provided by VacancySoft, research from the Association of Professional Staffing Companies (APSCo) revealed that hiring within the financial services sector was down 58% in Q2 2020.
However, numbers improved by the end of the year, with recruitment levels up 15.2% year-on-year in December 2020.
Unsurprisingly, due to the ongoing requirement for tech professionals to manage remote working practices since the start of the pandemic, IT specialists were the most in demand across the financial services sector – vacancies rose from 30% in 2019 to 33% in 2020 for this group.