Many financial services firms relying on interims

With demand for financial services talent growing, more businesses are looking to flexible interims to fill vacancies.

Robert Half’s 2023 Salary Guide revealed that one in five firms are hiring interims, recognising their value to deliver on critical projects.

The report also found that the majority (70%) of financial services firms are choosing the hybrid model with a common arrangement being three days in the office and two at home.

Caroline King, Director of Permanent Talent Solutions, at Robert Half, said, “Digital transformation and increased financial and regulation technology are rapidly transforming career opportunities in the UK financial sector, which continues to expand despite Brexit, the pandemic and robust, global competition.

“Salaries in the sector are unlikely to fall anytime soon although they have stabilised after meteoric rises over the last 12 months.”

Caroline added, “To remain agile, many businesses are shifting their hiring strategies to focus more on interim talent, which offers more flexibility, and also protects the bottom line.

“Competition for talent remains extremely high as companies battle it out not only to attract but also retain their top people. This is evidenced by the use of counter offers, which appears to be paying dividends as nearly half of candidates are accepting improved terms.

“It’s also not surprising to learn that a hybrid model is the most widely used in a sector where employees want the freedom to decide where they work. That message must be heeded by employers across the sector for 2023 and beyond.”

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