According to a study by Astbury Marsden, 48 per cent of workers in the sector, which may include sales recruitment staff, will consider switching positions if their Christmas bonuses are underwhelming.
In addition, 45 per cent of financial services employees believe their bonus will be higher this year following last year's reductions.
Jonathan Nicholson, managing director at the firm, said that financial services employers could see "unprecedented levels" of staff attrition in early 2011 if expectations are not met.
"Bonus discussions are always potentially volatile affairs. Mass dissatisfaction over bonuses could be the spark that ignites thousands of job searches in January," he predicted.
Meanwhile, recent figures compiled by Morgan McKinley revealed that vacancies in financial services were up nine per cent in November this year compared with the same period in 2009.
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 IFAs and Mortgage Broking.
Posted by Wayne Bly
Source: The Sales Executive News