Demand soars for IT contractors in financial services

Stalled IT projects are going back online

The number of job offers to IT contractors surged 320 percent from May to June, according to a survey from pre-employment screening firm Powerchex.

The survey also found that investment banking recruitment also grew 45 percent. Powerchex said that historical data shows that these two sectors are the most closely linked, and predicted that the investment banking sector would see another jump this quarter.

Alexandra Kelly, managing director of Powerchex, said: "Fears of a double-dip recession are beginning to dissipate.

"Recruitment in the financial sector has generally flattened in the last quarter...but the surge in IT contractors shows the sector has released the build-up that had been waiting on the back burner until government news was certain."

For the rest of the financial services sector, the total number of job offers rose just seven percent from May to June. Although this was 52 percent higher than June 2009, the number of offers across the sector had declined two percent in Q2. Nonetheless, Powerchex said the number of offers in all the financial services sector was up compared to Q2 2009.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags managementNetworkingfinanceFinancial Servicesindustry verticalspeople managementCareers & HRCommunications and IT Services

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Anh Nguyen

Unknown Publication
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?