London Financial Services Hiring Expected To Rise In 2010

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Financial services providers in London are expected to increase hiring in 2010, the latest Morgan McKinley survey revealed Thursday.

A survey of 124 recruiting managers found that 82.9% of respondents believe that hiring across the sector will increase in 2010, while 16.2% thought hiring levels would stay the same as 2009. Of those surveyed, 90% expect business activity to increase in the City throughout 2010.

"The survey provides a far more positive outlook for the financial services employment market in 2010," said Andrew Evans, Managing Director of Morgan McKinley's financial services division.

Further, the survey found close to half of respondents expect the 50% tax on bonuses to make it slightly more difficult to attract or retain talent.

However, new job vacancies fell by 48% to 2,268 in December compared to the previous month, reflecting seasonal factors, the recruitment consultancy said.

(Market News Provided by RTTNews)