Job Hunting in the City looking up?

ruggedtoast

Joeskeppi wrote: »

Anything is good news if it means some greedy selfish parasite can grab a cheap repo.

I should think you'd be in your element then ChuckyJoe.

bendix

Jobs are indeed picking up. I have been trying to hire a role for a while. I've noticed a distinct change in the last few weeks. Candidates that I could previously leave 'hanging' for a few days are now securing roles, where a month or so they had nothing. I lost someone this way two weeks ago, and have just snapped someone up yesterday. She had another firm offer on the table, and a final interview that afternoon likely to result in a third offer.

barrooo

They did do a bit of a slash and burn operation as far as job cuts in the financial sector, potentially cutting too many. The probability is it will become a lot harder to gain work in the coming months.

P.S Unemployment claims in the U.S have just come out and they're back up to the 600k figure

bendix

barrooo wrote: »

They did do a bit of a slash and burn operation as far as job cuts in the financial sector, potentially cutting too many. The probability is it will become a lot harder to gain work in the coming months.

Arent you contradicting yourself here?

I think the legal sector probably cut too many jobs too, and I know for a fact they are starting to rehire.

ruggedtoast

It amazes me that for all the bile and vitriol spat at the public sector around here none of its reserved for the biggest tax payer burden of them all, Finance.

I should think there are more financial jobs about. Brown has poured billions of pounds worth of tax payers money into reviving the financial industry while the rest of the country is looking at cuts, cuts, followed by more cuts.

But apparently if you work in the Square Mile its taxpayer bailouts, 2007 salaries and bonus culture once more.

I wonder how much more of this people will tolerate when there's 3 million unemployed and thousands more public sector jobs on the brink.

lostinrates

bendix wrote: »

Arent you contradicting yourself here?

I think the legal sector probably cut too many jobs too, and I know for a fact they are starting to rehire.

Do you think some of the trainees asked to defer might be offered opportunity to commence in September afterall?

bendix

ruggedtoast wrote: »

It amazes me that for all the bile and vitriol spat at the public sector around here none of its reserved for the biggest tax payer burden of them all, Finance.

I should think there are more financial jobs about. Brown has poured billions of pounds worth of tax payers money into reviving the financial industry while the rest of the country is looking at cuts, cuts, followed by more cuts.

But apparently if you work in the Square Mile its taxpayer bailouts, 2007 salaries and bonus culture once more.

I wonder how much more of this people will tolerate when there's 3 million unemployed and thousands more public sector jobs on the brink.

No taxpayer money was given to the financial services sector. Instead, money was loaned to banks (and some of it is being repaid already) and in other cases the government took an equity position in banks which, of course, can be disposed of at will. If the government wanted to sell its stake in any bank it currently part owns, it would - as a result of the rise in bank share prices since February - recoup all that money and more, making a vast profit for the taxpayer in the process.

More facts please, and a little less hyperbole.

bendix

lostinrates wrote: »

Do you think some of the trainees asked to defer might be offered opportunity to commence in September afterall?

Hard to say, and it will vary from firm to firm.

As you know, most of these decisions were made a few months ago in a very knee-jerk way.

It's something WE are certainly looking at although the terms given to our deferrers were very very generous and I can't see many of them wanting to give up that to start in September, when they could be sitting on a beach in the Philippines with £10,000 in their pocket to spend on their holiday!

lostinrates

bendix wrote: »

Hard to say, and it will vary from firm to firm.

As you know, most of these decisions were made a few months ago in a very knee-jerk way.

It's something WE are certainly looking at although the terms given to our deferrers were very very generous and I can't see many of them wanting to give up that to start in September, when they could be sitting on a beach in the Philippines with £10,000 in their pocket to spend on their holiday!

Yes: i feel sorry for the ones whose terms were not generous! Dh's firm never took the decision to defer entry for trainees, and has retianed as planned, so things look good there, at the moment at least. If the only way is up hopefully we'll scrape through.:o

wolvoman

ruggedtoast wrote: »

I should think there are more financial jobs about. Brown has poured billions of pounds worth of tax payers money into reviving the financial industry while the rest of the country is looking at cuts, cuts, followed by more cuts.

Banks have been loaned the bailouts not given.

When the banks resume profits, a large chunk of it will be given back to the taxpayer.


That is not the case when the government spends extra public money on all those equality outreach advisers.