Finance workers happy in career even in wake of a credit crunch

Tim Wallace
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THE CREDIT crunch and the banking sector’s battered reputation have not made finance workers unhappy, according to a study out today from recruiters Randstad, but instead made employees more well-rounded.

Despite the fall in headcount in the sector since the crisis, 46 per cent of financial services workers are happy with their career progress, the study found. That is above the UK average of 38 per cent.

Insurers are the most positive with 73 per cent happy with their progress, followed by property workers on 59 per cent and lawyers at 55 per cent.

Meanwhile workers’ priorities have shifted – twelve years ago 62 per cent thought better pay was the most important element of career progression. Now 74 per cent favour a job which lets them “learn new things, meet new people and participate in different projects.”

“We expected to find a relationship between career progression and job growth, but financial services remained static in size between 2009 and 2012,” said Randstad’s Tara Ricks.

“We think this points to pride in being part of a high performance culture with sophisticated application of talent management.”