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Latest NewsHR practiceRelocation

Scots capital draws interest from London money men

by Georgina Fuller 31 Jan 2006
by Georgina Fuller 31 Jan 2006

Nearly half of all finance professionals would relocate tomorrow if they could, according to a recent survey.


But only 1% of workers said they would move for financial reasons.


About half of the finance professionals questioned said that striking a better work-life balance would be their main reason for wanting to move and 16% said family would be the primary motive.


Nearly all (95%) of the 1,400 workers who took part in the research, by jobsite eFinancialCareers.com, were currently based in London. Edinburgh and Dublin proved to be a popular choice for relocation.


More than 20% of finance professionals, including front-office workers, investment bankers and asset managers, said they would like to move to Edinburgh, 9% said Dublin and 6% cited New York as their favourite choice.


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Ian Brown, editor-in-chief of eFinancialCareers.com, said: “Financial institutions should pay attention – money alone no longer seems to be the sole motivator for City employees.


“The perception in the markets, however, is that work-life balance is for wimps. These poll figures could be as high as they are because employees wanting to strike a balance are frustrated by the demands placed on them by employers.”

Georgina Fuller

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