Financial IT contractor job offers up by 75%

The financial services industry’s recruitment of IT contractors grew strongly in April, with billings of such temporary computer staff up by 75 per cent on the same period last year.

Other than investment managers, IT contractors were the only candidates facing financial services to have seen job offers increase since the previous monthly reading in March.

And although there is cause to treat the figures with some caution, owing to April having only 18 working days this year, IT contractors were also the clear winners on an annual basis.

“The most marked growth is in IT contractors”, said the firm behind the figures Powerchex, a pre-employment screener that vets staff for financial employers in six candidate categories.

The London-based firm warned that investment banking arms are expected to slow their hiring, based on the fact that many banks are “reviewing and restructuring” their operations.

May 13, 2011