Following a number of very challenging years, a level of confidence has returned to the IT Banking and Financial Services market in London.
A steady, if not spectacular upturn in the recruitment market has seen hiring levels increase as companies become more willing to invest in new talent.
Despite the upturn, many IT professionals have remained cautious about changing roles in a still recovering economy, and there are now generally fewer new candidates coming to market. As a result, the pool of talent is not as deep as it has historically been, which suggests that 2014 will follow 2013 in being a candidate-led market.
There have been a wide range of changes and developments in general trends over the past year which we expect to affect the IT Banking and Financial Services market this year and in the future.
To see a rise in demand for high calibre business analysts and project managers and an increase in the number of strategic projects in development as the work load from the regulatory landscape starts to plateau
A significant demand for digital professionals as the sector ‘plays catch up’ from an IT perspective
Some of the Banks, Payments Providers and Insurance organisations have begun to update not only their legacy IT systems, but also consider the operating models that the technology supports to challenge the existing architecture
Security will be a growth area for 2014 with the challenge of security, especially considering the BYOD trend and question marks around how the Financial Services industry will embrace cloud computing
For more information on what Hudson expects to see in 2014 and overall UK Market sentiment, read Hudson IT Banking and Financial Services’ 2014 Salary and Employment Insights Guide.
To download a full copy of the Salary & Employment Insights click the link below: