Number of confident City workers looking to move jobs doubles in a year

Chris Papadopoullos
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Financial professionals and others can now get up to 22 per cent more by moving jobs
New figures show workers are becoming more eager to switch jobs, suggesting greater confidence in the economy.

The number of professionals looking for new opportunities climbed by 27 per cent in July compared with June, recruiter Morgan McKinley said this morning.

While summer tends to see more people looking for vacancies, the 15,866 workers both in and out of work seeking a new job marks a 99 per cent jump on last year.

Employees stand to gain a 22 per cent pay increase by switching firm.

“Last month showed that on average, a financial professional could demand up to 22 per cent more salary by moving from one organisation to another. This is one of the highest percentage increases we have seen in a while, which bodes well for those considering a move,” said Hakan Enver, operations director at Morgan McKinley. “The market has an appetite to remunerate those with a skill set that is in high demand.”

Rising demand for skilled workers is also shown by a 17 per cent increase in the number of jobs available in July compared with the same month last year.

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