The City office of Euro London Appointments, which specialises in banking and financial markets has seen a noticeable increase in demand in the sales area – mainly centered around equity markets, with several major players in the brokerage industry expanding that side if their business. That’s according to Euro London’s new European Hiring Trends report. French and German remain the most popular languages, although Dutch and Scandinavian have also been in great demand.
The foreign exchange arena is also busy from a hiring perspective, says the report, with both the traditional players and new entrants into the market keen to capitalise on the thousands of daily trades across the City. Additionally, market makers, agency brokers and spread betting institutions have all added to their headcounts recently to cope with volatile market activity.
The buys side, asset management and credit/risk areas have all remained relatively stable form a hiring perspective and the company says it has seen a slight increase in demand for research specialists in the ratings agency sector, particularly at associate level. There has also been continuing demand for healthcare and capital markets specialists within the mergers and acquisitions sector.
Another common trend has been the continued lack of high quality candidates on the market. With a large number of employers assuming that the recession had created a huge pool of talent to hire from, many of them attempted to source new recruits themselves. Employers are also being far less flexible about their requirements. However quantity does not equate to quality and employers have found that the strong candidates have held onto their positions and been unwilling to move in times of such uncertainty.
“Over the last few months we have seen slow but sure progress in many sectors – even in financial services” comments Managing Director of Euro London Appointments, David Shacklock. “As business confidence grows and more and more companies increase their permanent headcounts this year, we will also see more candidates willing to make the move, leading to a boost in recruitment activity. As the recovery gets underway it will be even more crucial for organisations to recruit linguists in order to conduct business with global markets.”
A copy of the latest European Hiring Trends Report can be found at: http://bit.ly/85FRbI
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