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BonusesLatest NewsPay & benefits

Financial sector staff are on the move

by Georgina Fuller 13 Mar 2006
by Georgina Fuller 13 Mar 2006

More than three quarters of finance professionals are actively looking for a new job, according to a survey by online recruitment firm, eFinancialCareers.com.

The most common reason for wanting to move, cited by 66% of the 462 respondents, was better career prospects, wanting to move up in pay and position.

One in five said that they were unhappy with their current employer and 15% said they were unhappy with their bonus.

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About half (53%) of finance professionals said that their bonus showed no increase from last year and just 11% received a bonus increase of 35% or more, according to the survey.

Ian Brown, editor-in-chief of eFinancialCareers.com, said: “Bonuses are tremendously important to individuals. It is perhaps no surprise that such significant numbers of City workers are now actively looking to switch firms.”

Georgina Fuller

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