Hiring predicted to remain steady for financial professionals

Employment within the financial industry is expected to remain stable for the rest of the year, according to the latest survey by CareerBuilder and MoneyJobs.com. The survey, which was conducted by Harris Interactive, found that full-time, permanent hiring within financial services is expected to stay the same as last year’s. Employers also indicated that temporary and contract hiring is expected to increase over last year.

“Along with stable full-time hiring, the financial services industry is seeing a solid increase over last year in projected hiring of part-time employees and temporary workers,” said Kevin Knapp, CFO of CareerBuilder. “Employers are moving forward carefully, expanding their ranks with temporary workers, while holding off on adding permanent staff until they can be sure of the economic recovery. Our data also shows that nearly 2 in 5 financial services employers plan to transition temporary workers to full-time status in the coming quarter, reflecting the cautious optimism of the post-recession market.”

According to the survey, 52 percent of employers plan to hire full-time permanent employees, while 26 percent plan to hire part-time employees. Thirty-one percent of participants also indicated plans to hire temporary or contract workers. In addition, 84 percent of employers planning to hire are looking to fill positions in big cities. One-third of hiring employers will employ financial professionals in rural areas.

The survey was conducted among more than 100 financial services hiring managers and human resource professionals.

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