Demand for secretarial and business support professionals is expected to remain high in the second half of the year, with permanent hiring in particular expected to increase following a trend for contract roles during the first half of the year.
Boutique investment houses with a particular focus on hedge funds, fund managers and private equity will be hiring at all levels, and increased compliance and regulatory requirements continue to drive the need for skilled buisiness support professionals.
“As financial services organisations continue to place focus on compliance and legal departments, we will continue to see hiring increase in this space,” said Rebecca Gaden, Manager at Robert Walters.
Securing top calibre professionals
As support roles become more multi-faceted, employers are looking for professionals who can be more involved in functions such as sales administration, events and projects.
“Candidates with varied experience, often gained from smaller companies with flatter organisational structures, are therefore in very strong demand among employers across a wide range of sectors,” said Gaden.
There has also been a notable increase in support positions requiring European languages at a senior level, particularly French, Spanish and Portuguese. These top calibre candidates are likely to have multiple job offers at one time.
Candidates with varied experience, often gained from smaller companies with flatter organisational structures, are therefore in very strong demand among employers across a wide range of sectors
An increase in permanent hiring
As businesses awaited the outcome of the EU referendum some financial services employers implemented hiring freezes, leaving some professionals struggling to secure permanent roles.
"Following the outcome of the EU referendum, we expect dmand for permanent secretarial and business support professionals to increase,” continued Gaden.
Due to redundancies at the senior level, notably within investment banking, professionals who are open to changing industries are likely to secure a position.
Additionally, as flexible working becomes more common, especially for working parents and those returning to the workforce after time out, part-time roles and job share opportunities remain at a consistent level during the first half of the year.
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