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Tuesday 14 September 2010

Financial services pay 'is on the rise'

The rate of pay for financial services staff has risen considerably in 2010, particularly over the summer, new figures have suggested.

According to statistics from Astbury Marsden, junior staff have benefitted the most in recent months, with some employees seeing their wages rise by as much as 20 per cent.

Jonathan Nicholson, managing director at Astbury Marsden, said that junior financial services staff are catching up with seniors as companies begin to accelerate out of the recession and reward workers with pay rises reflecting their efforts.

"Up to now the big jumps in pay created by the recovery have gone to the more senior staff," he noted.

A recent survey among financial services firms carried out by Reed showed that demand for new staff remained steady among most companies in August and even increased in some organisations, despite the summer usually being a quiet time for recruitment in the sector.

As a recruitment provider to many of the UK's major banks, mortgage lenders and building societies Aaron Wallis have a deserved reputation within Financial Services recruitment. Their dedicated FS consultants recruit sales professionals across Retail Banking and Financial Services including IFA's and Mortgage Broking.

Posted by John Oak

Source: The Sales Executive News

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